Dim prospects for international finance makes imperative to rework Plan on climate change With carbon markets at an alltime low and prospects of international long-term finance dim, the Planning Commission has suggested reworking the . 23,000 crore National Action Plan on climate change, which has made slow progress since it was launched in 2008. The action plan, comprising eight missions, was presented as framework to deal challenges of mitigation or reducing emission intensity of the economy and adapting to the adverse consequences of climate change. The eight missions covered issues such as solar energy, energy efficiency, habitat, agriculture, water, Himalayan ecosystems and strategic knowledge. The progress many of these missions has been slow. In some cases, nodal ministries are yet to fully assess costs. The preliminary estimate for implementing the eight missions is . 23,000 crore. However, budgetary allocations for most of these mission, has been far from adequate. The government now acknowledged, “funds of this magnitude cannot be mobilized through budgetary resources alone.” Dim prospects for international finance, along with a realization that for a mission to succeed “it must separable objectives, dedicated implementation machinery and adequate funding” has led the Planning Commission to rework the National Action Plan. In an effort to ensure the Action Plan achieves effective results, the eight missions have been regorganised with “updated priorities”. Not only has the list been shortened, there will seven instead of eight missions, and some of the missions, which have cross-cutting purpose, have been redesignated as policy thrust areas. Sources in the environment ministry indicated that while not averse to the idea of streamlining the National Action Plan, the decision to do so lay solely with the Prime Minister’s Council on Climate Change.