Financing Climate Action

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.

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.