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ISSN 2063-5346
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BUILDING RESILIENCE IN CLIMATE FINANCE: AN INDIAN FRAMEWORK FOR ADAPTATION

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Dr. Debadatta Das1*, Dr. Krishnamurthy S2
» doi: 10.48047/ecb/2023.12.si5a.0454

Abstract

This paper explores the concept of resilience measures and adaptation in climate finance within the context of India, which has a large geographic footprint and a rapidly growing economy that is particularly susceptible to climate change impacts in South Asia. Developing countries often encounter difficulties when attempting to measure and invest in adaptation finance. In order to promote increased knowledge and investment in adaptation, it is critical that both the national government and stakeholders play an active role. The mobilization of climate finance is essential in building resilience and adapting to the impacts of climate change, in line with the global requirement of limiting the increase in global average temperature to 1.5 degrees Celsius above preindustrial levels. Further, I investigate various approaches proposed and implemented to address resilience and adaptation in specific areas. My analysis focuses on the drivers of climate finance flows in the development sector and the improvement of the nation's public policy. Through this examination, I aim to provide a comprehensive framework for understanding climate finance flows, with a view to enhancing resilience and adaptation in the face of climate change, while also promoting sustainable development.

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