Financing Green Infrastructure in States: Case Studies

Date:
March 4, 2024
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Strategic use of public finance and mobilisation of private capital for green finance is critical to meet sustainable infrastructure requirements. States in India have taken various steps towards climate action. These meaningful efforts need to be aligned towards the common endeavour of creating sustainable infrastructure. In order to do that, there is a need to cross pollinate respective good practices and place them in the larger context of mobilisation of finance. With this objective in mind, this report looks at states of Rajasthan, Maharashtra and Odisha. For Rajasthan, a roadmap is developed for the short term. Action on this roadmap will help align State Climate Action Plan with strategic use of public finance, green tagging in the budget, interdepartmental coordination, transition management and institutional calibration. From Maharastra and Odisha good practices have been incorporated on borrowings through SDL and key fiscal tools respectively.