Indian Council for Research on International Economic Relations

Ongoing Details

Assessment of the Financial Requirement for Implementing India’s Nationally Determined Contribution (NDC)

Project Leader: Amrita Goldar
Research Team: Himanshu Shekhar, Sajal Jain and Shubham Sharma
Commencement: October 2018
Funded by: Department of Economic Affairs (DEA), Ministry of Finance

The study examines the costs towards successful achievement of the ambitious Nationally Determined Contributions (NDCs) of India to UNFCCC through a thorough examination and analysis of the financial requirements, as well as the effective channels, sources, instruments and structures that need to be put in place. The objective is to provide a detailed and realistic assessment of total financial requirement with updated understanding of climate technologies, along with the structure required for effective channelization to attain successful fulfillment of the committed NDCs.

The study is split in three parts. The first part focuses on estimation of financial requirement for mitigation NDCs, the second part looks at the adaptation funding requirements, and the last part delves into funding gaps that exist and the potential mechanisms (financial innovations, market instruments, policies, etc.) to source the finance required from international and private sources. It moves from an assessment of the ‘need’ to the ‘availability’ and finally to the estimation of financing gap and the sources to deal with the same.

Research

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