ABSTRACT
The urgency of mitigating climate change is mounting globally, and developing countries have a key role to play in ensuring a sustainable future. This book provides a comprehensive overview of all aspects of climate finance from the perspective of developing economies, with a focus on India.
Catalysing climate action requires economic and societal adjustments, beginning with additional resource mobilisation, capital reallocation and financing structures supported by appropriate regulations, reasonably functioning markets and effective institutions. Through an integrated assessment of macro-financial policies and market microstructures, this book provides a thorough understanding of how countries in the Global South can effectively mobilise and deploy financial resources to address climate change challenges. It brings together the views of academics, bureaucrats, policy analysts and civil society organisations that are actively engaged in climate finance to discuss challenges and options for India as it seeks to finance effective climate action. It offers a plurality of often-opposing ideas and observations, rooted in the reality of India’s political economy. The volume presents novel solutions as well as lessons from international experiences to initiate and accelerate the flow of finance into climate related activities.
This book will be an essential resource for scholars in environmental studies, development economics, and public policy, while offering crucial insights for policymakers and practitioners engaged in sustainable finance.
This book is freely available as a downloadable Open Access PDF at https://www.taylorfrancis.com under a Creative Commons (CC-BY-NC-ND) 4.0 license.
TABLE OF CONTENTS
part 1|93 pages
Climate Finance Landscape
chapter 1|18 pages
Financing Net Zero
chapter 2|17 pages
Public Finance Catalysing Private Capital for Scaling Renewable Energy Projects
chapter 3|12 pages
Financing India's Decarbonisation Journey – the Role of Private Investment for Mitigation
chapter 4|20 pages
How to Make Climate Change Action a Nationwide Movement in India, and How to Finance It?
chapter 6|11 pages
How to ‘Reform, Target and Shift’ Domestic Public Finance Effectively
part 2|60 pages
Governance
chapter 7|12 pages
Addressing Climate-Related Financial Risks
chapter 8|16 pages
Achieving Sustainable Development Goals and Climate Resilience in Low-Income Contexts
chapter 9|18 pages
Financing Climate Action at the Subnational Level
chapter 10|12 pages
Financing Climate Action at Local Level
part 3|57 pages
Instruments and Mechanisms
chapter 11|18 pages
Increasing Flows for Green and Transition Finance – Thinking Beyond Bank Debt
chapter 12|17 pages
Navigating Carbon Pricing in India
chapter 13|8 pages
Sub-National Climate Finance Needs and Innovations to Mobilise Requisite Resources – Case for Maharashtra
chapter 14|12 pages
Beyond the Trillions
part 4|107 pages
Financing the Real Economy to Address Climate Change
chapter 15|11 pages
Blended Capital Market Mechanisms for Critical Decarbonisation Projects in India
chapter 18|24 pages
Carbon Markets as a Necessary Element to Support Climate Financing in India
chapter 19|11 pages
Financing India's Green Grid
chapter 20|16 pages
Financing Just Transition in the Coal Mining Sector – Trade Union Perspectives
part 5|59 pages
Public Resources
chapter 23|18 pages
Green Quantitative Easing
part 6|50 pages
Lessons from Other Economies
