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The Climake Newsletter #19: The State of Climate Finance in India 2022
The Climake Newsletter offers quick digests and insights around what is happening in climate finance. While Climake’s current focus of work is India-centric, we will capture a global perspective of climate finance in this newsletter on a fortnightly basis.
We are back after a month and a half long month hiatus of this newsletter. We hope your first month of 2022 got off to a good start.
We are thrilled to be able to announce that we partnered with one of India's most successful impact focused investment advisors, Unitus Capital, to publish The State of Climate Finance in India 2022, our second annual stock-taking of India’s climate action priorities.
In the report we review India’s climate action progress, what its future roadmap until 2030 is like, and look at what it means for the world of climate finance, focused around:
India's key climate action developments in 2021
India's existing climate action commitments by 2030, where we also define an emission reduction target we feel India needs to achieve (yes it is more than what is committed)
India’s potential climate finance need by 2020
10 Big Ideas and Trends that we feel will drive climate action and stock-take their current progress and future opportunity.
Our first annual State of Climate Finance in India report - published at the end of 2020 - covered a broad outlook of a climate action roadmap for India until 2030, across big diverse sectors. A lot has happened in 2021, including: the rise of net-zero, the rise of certain sectors, and a surprisingly high amount of climate financing through equity and other instruments.
We felt that this warranted a more detailed look at what are the key aspects making climate action and finance tick, and the outlook for the next 9 years, which are foundational for our ability to address climate change.
We set out to make this a data-driven report that would have some value to everyone in the climate finance ecosystem, whether you are looking at:
booming and emerging climate sectors in equity financing;
the investment India needs according to its current climate priorities';
the expected drivers of climate impact in the most active segments of solar, EVs, and agri;
the potential of emerging sectors such as circular economy and supply chain transitions;
Or understanding what India’s required emission target should be like.
We hope the report is informative and helps you in whatever work you do in pushing the climate action agenda further. We invite readers of this report to reach out to us to connect and engage in enabling climate finance in India and the region.
We are planning to do a session with Unitus Capital on the ideas and trends outlined in the The State of Climate Finance in India 2022 report, and will send an invite as soon as details are confirmed.
As always, send all feedback, compliments and brickbats our way. And of course, we do appreciate you spreading the word about this newsletter.
We’re growing to build something collaborative with you and the more the merrier!
Simmi Sareen and Shravan Shankar