Climate adaptation plays a pivotal role in determining how climate change impacts manifest and how intense their damaging effects can be. The country’s risk and vulnerability on account of climate change is diversified and spans across multiple sectors of the economy. Climate adaptation technologies in various sectors need to be not just locally adapted but also scaled up to fortify resilience of infrastructure, ecosystems, and communities which in turn requires considerable financial resources.
The objective of this study is to develop a comprehensive and transparent framework for estimation of adaptation finance requirements for India, moving beyond public expenditure to include private sector investments and incorporating climate projections into the macroeconomic modelling exercise. The study aims to address the informational gaps associated with the estimation of adaptation finance needs as these figures are often missing for developing countries or have a significant overlap with their developmental finance needs.
The proposed work will also provide technical support to the government by estimating India’s adaptation finance needs. As a part of the NITI Aayog-led Inter-Ministerial Working Group to Develop Pathways for Meeting National Commitments on Net Zero, this work would feed into the deliberations on climate finance requirements in mitigation and adaptation for enabling transition across various sectors (Working Group 3).
