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.

This WRI working paper provides an overview of these and other existing national policies, as well as policies under development, that are likely to reduce greenhouse gas (GHG) emissions in India.

Greenhouse gases (GHGs) and other pollutants are negative externalities imposing an external cost on the entire society and not just on the individuals who consume a certain product. Though India does not have an obligation to reduce the emissions of GHGs, it is important for Indian States to adopt a sustainable growth path.