Climate finance at the sub-national level: the case of Odisha

The purpose of this study is to develop financing strategies that would assist the Central and State Governments in implementing the State Action Plans on Climate Change (SAPCC) in an effective and efficient manner. There are broadly three different sources of climate finance available to States: public (domestic), private and international public finance. Apart from raising additional funds for climate change, there also needs to be synergies among the various sources and better targeting of both existing and additional funds. Transparency regarding the flow and use of funds will increase coordination and cooperation among different funding sources, as well as better leveraging of scarce financial resources to achieve climate change goals. This report aims to help States and promote their efforts with regards to some of these issues.