Low carbon finance for the state of Tamil Nadu: investments, gaps, and barriers
The absence of a clear articulation of low carbon funding requirements and an audit of low carbon investment at the sub-national level has encouraged this study. As a case in point, this study assesses the current status of the low carbon finance landscape in the State of Tamil Nadu. Low carbon finance reporting at the State level will provide a comprehensive analysis of the relative levels of public and private investments and serve as a benchmark to draw conclusions about the efficacy of public subsidy to leverage private sector expenditure. This exercise is also important for understanding the investment gaps that need to be filled in order to meet the low carbon targets proposed by the State. This report attempts to bring together public and private sector low carbon investment data and highlights some of the barriers to investment. This report covers mitigation oriented climate finance, and provides substantially high granularity in sector-level reporting for the financial years (FY) 2010 and 2011.