India is becoming a strategically important actor in global climate negotiations. This reflects not only its rising economic and geopolitical importance, but also a greater level of recent engagement by Indian representatives with international efforts to reach a climate
agreement.
The private sector is already an important source of climate finance. Multilateral and bilateral development banks, for instance, issue generic bonds as a means of raising private finance from capital markets, some of which is then used to support projects that deliver climate change outcomes. However, the major focus of the private sector to date has been on supporting mitigation activities.
