Financing Low Carbon Development in Rural India
Richie Ahuja Environmental Defense Fund Fair Climate Network
SUPPORTING ADAPTATION WHILE MITIGATING CLIMATE CHANGE AND POVERTY
RESOURCES?
CLIENTS Sectors Farmers
Individuals CommuniLes
INSTITUTIONS InternaLonal NaLonal
Sub NaLonal Local (NGO’s; communiLes)
What is the model for Low Carbon Rural Development?
Interna2onal Sources ODA FDI FAO
IFI’s and MDB’s
Domes2c Budgetary
allocaLons for Development
Local Financial Inst
Climate Finance Carbon Markets Compliance & Voluntary
Other Climate Finance – GCF
How to bring sufficient capital for low carbon development?
What do carbon markets need in order to pay for miLgaLon?
• AddiLonality • Permanence • AccounLng for leakage • Monitoring • Measurement • Transparency • CerLficaLon
Low carbon rural development
What would a soluLon for rural India look like?
On-‐farm ac2vi2es (Climate-‐smart agriculture)
Community ac2vi2es and infrastructure
Community forest Household energy needs
What is the model low carbon rural development in India?
• Nutrient management • Soil conservaLon • Efficient water uLlizaLon • Integrated pest management • Community forest management • Integrated livestock management • Improved cook stove uLlizaLon • IncorporaLon of energy producLon processes
Project co-‐benefits
• OZen reduced Lme spent on field • Reduced Lme collecLng firewood • Increased school a[endance or investment in alternate income-‐generaLng acLviLes
• Reduced natural resource degradaLon – air, water, soil quality
• Improved health -‐ fewer hospital visits, decreased morbidity
Project significance
• Bo[om up • Verifiable data • First links to carbon market from bo[om of pyramid
• Scalable
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