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Financing Climate Action: India in a Global Context

Financing Climate Action: India in a Global Context


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About the Book

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 http://www.taylorfrancis.com under a Creative Commons (CC-BY-NC-ND) 4.0 license.



Table of Contents:
Introduction PART 1 - Climate Finance Landscape 1. Financing Net-zero: An Assessment of Top-down and Bottom-up Approaches 2. Leveraging Public Finance for Scaling Renewable Energy Projects 3. A Pragmatic View on Climate Finance 4. Trade-offs: Risks and Prices of Renewable Energy Generation – Alarm Calls are Ringing Out 5. How to ‘Reform, Target and Swap’ Public Financial Flows Effectively: Lessons from Energy Financing in India PART 2 – Governance 6. Addressing Climate-Related Financial Risks: Interrogating Efficacy of Actions by RBI 7. Climate Finance and Achieving SDGs and Climate Resilience in Low-Income Contexts: The Bay of Bengal Region 8. Financing Climate Action at Subnational Level: Cases from India (Maharashtra) 9. Financing Climate action at Local Level: Scope, Opportunities and Challenges PART 3 - Instruments and Mechanisms 10. Increasing Flows for Green and Transition Finance – Thinking Beyond Bank Debt 11. Navigating Carbon Pricing in India: Assessing Policy Options, Impacts, and Pathways to a Sustainable Economy 12. Illustrating the Case of a Sub-National Climate Finance Need (Maharashtra) 13. Beyond the Trillions: Solving for Climate through Innovation and Risk rather than Big Money PART - 4 Financing The Real Economy to Address Climate Change 14. Blended Capital market Mechanisms for Critical Decarbonisation Projects in India 15. Mainstreaming Transition Plan Disclosures for Indian Companies 16. Carbon markets as a necessary element to support Climate Financing in India 17. Financing India's Green Grid: Overcoming Challenges and Unlocking Investment for Renewable Integration 18. Financing Energy Efficiency for MSMEs in India 19. Financing a Just Transition in the Coal Sector: Trade Union Perspectives on Social Equity and Sustainable Development PART 5 - Public Finance 20. Grants and Granting Mechanisms for the Loss and Damage Fund 21. Intermediation in a bank-based financial system and financing climate action: a view from India 22. Green QE: What the Lender of the Last Resort can do for Saving the Planet PART 6 Lessons From Other Economies 23. Placing Your bets for Clean Energy Transition – Public or Private? 24. Green Fiscal Instruments for a Transition to Low-Carbon Economy: Experience from European Countries and Lessons for India 25. Country Platforms as a Way to Accelerate Development and Climate Action? – Discussing Global Developments and Lessons for India

About the Author :

Runa Sarkar is a professor with the Economics Group at the Indian Institute of Management Calcutta. Her interests lie in sustainable development, where business interests are in consonance with environmental and social interests. She serves as an independent director on the boards of Bandhan Financial Holdings Limited, Climate Policy Initiative and BASIX Consulting and Technology Services.
Mritiunjoy Mohanty retired in September 2024 as a professor of Economics at the Indian Institute of Management Calcutta, Kolkata. Outside of climate change, he is currently also researching the comparative growth trajectories of China and India and the nature and pattern of their integration into the global economy.


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Product Details
  • ISBN-13: 9781040435366
  • Publisher: Taylor & Francis Ltd
  • Publisher Imprint: CRC Press
  • Language: English
  • ISBN-10: 104043536X
  • Publisher Date: 31 Oct 2025
  • Binding: Digital (delivered electronically)
  • Sub Title: India in a Global Context


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