As part of the NDCs, India has committed to generate 40% of its electricity needs from renewable sources by 2030. However currently, the share of renewable in electricity generation as of 2017 is only 15%. The biggest bottleneck to achieve the targets is adequate financing of the RE assets by both government as well as … More Establishing an Energy Fund for NDC Implementation
What is INDC and NDC? Countries across the globe adopted an historic international climate agreement at the U.N. Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP21) in Paris in December 2015. In anticipation of this moment, countries publicly outlined what post-2020 climate actions they intended to take under the new international agreement, known as … More (I)NDCs as a pathway to realize national and global low-carbon, climate resilient – development strategies
Introduction: Developing countries have been experiencing rapid economic growth over the last decade that is mostly fueled by the strong performance of the agriculture sector, which in turn was mainly due to the higher yield and area expansion of smallholder farmers. However, there is a limit as to how much this strong performance of the … More Focus on Manufacturing for Economic Development
The news from Indian Prime Minister came today evening as a surprise- that India will ratify the Paris Agreement on October 2 and submit its NDC. This submission of India will push the Paris Agreement nearer to ‘’force into implementation’’. India accounts for 4.5 percent of the global emission. However, the big question is: Will … More Is the Paris Agreement entering into ‘Actual Force’?
Climate change creates a new context for policy-making in developing countries. The economic costs of climate change can put their economic growth prospects at risk and endanger the achievement of their development objectives. At the same time, development can inadvertently increase vulnerability to climate change. Building “climate resilience” into development policies can help to reduce … More Climate Resilient Economic Growth
Ethiopia has experienced rapid growth over the past decade. The government’s strategy of Agricultural-Development Led Industrialisation (ADLI) aims to stimulate development in the agriculture sector and thereby improve living conditions for the rural poor; the next phase is to rapidly shift the agricultural workforce to more productive sectors. They have succeeded in the first phase … More Growth and energy: Reflections on Ethiopian Context
Innovative financing has not been widely applied in the energy sector. However, of late, international energy initiatives like Sustainable Energy for All [SE4ALL] has highlighted the importance of innovative financing for achieving Sustainable Energy for All’s objectives. The SE4ALL estimated that approximately $500 to $1200 billion of additional capital per year will be required to … More Innovative finance in Energy
Intended Nationally Determined Contributions (INDCs) were intended to be a way to clarify how each Party to the United Nations Framework Convention on Climate Change (UNFCCC) could contribute to averting dangerous climate change and demonstrate progress from their current position. To date, much analysis of INDCs has understandably focused on the ambition and, in the case … More Financing INDCs’ implementation?
There are serious complaints from ‘beneficiaries of climate funds’ and key stakeholders, involved in the management and channeling climate funds, that there are no clearly defined accountability in managing and utilizing the funds as well as a desired level of transparency is absolutely missing! This has become now a major concern for donors and parties as climate financing needs to be coupled with the nationally determined contributions (NDCs) and in absence of a transparent and effective management structures (starting from planning to implementation and periodic monitoring, reporting and verification) there is danger of not meeting the basic objectives of the Paris Agreement. … More Why and how to increase accountability and transparency in climate finance management?
Climate change is a cross-sectoral cutting issue with serious economic, social and environmental impact. To mitigate climate change and/or adapt to it, countries need to adopt a whole of government approach that seeks to integrate climate change development activities and climate change finance into the national planning and budgeting processes. And this exhibits the importance … More Integrating Climate Finance Governance System to National Budget