Vinaya is the Project Manager - Market Alliances. He is based in Mumbai and is responsible for engaging and collaborating with private sector with an aim to promote sustainable mobility in Indian...
WRI established its India office in 2011. We work with leaders in business, government, and civil society to expand clean energy development, combat climate change, and develop sustainable transport solutions. Learn more about our work in India. Visit the WRI India website.
While working on tracking adaptation finance for our Adaptation Finance Accountability Initiative project, we often get the question “What is adaptation finance?” or “What counts as adaptation finance?” To our embarrassment, we still don’t have a clear answer to either question, other than “Well… finance that funds efforts to adapt to the impacts of climate change qualifies as adaptation finance.”
We aren’t the only ones who struggle to define the very issue on which we work. Even some of the definitions that the Organisation for Economic Cooperation and Development (OECD) and multilateral development banks are developing do not provide a complete answer to the question of what types of investment are considered to be adaptation finance.
We decided to do some soul-searching on this subject. While it’s still too complicated to provide a cut-and-dry definition of adaptation finance, we identified three common traits surrounding the issue: Adaptation finance is context-specific, dynamic, and not just about finance.
Five-country comparison on solar photovoltaic and on-shore wind energy policies and progress.
This article first appeared in Project Syndicate
Water is never far from the news these days. This summer, northern India experienced one of its heaviest monsoon seasons in 80 years, leaving more than 800 people dead and forcing another 100,000 from their homes. Meanwhile, Central Europe faced its worst flooding in decades after heavy rains swelled major rivers like the Elbe and the Danube. In the United States, nearly half the country continues to suffer from drought, while heavy rainfall has broken records in the Northeast, devastated crops in the South, and now is inundating Colorado.
Businesses are starting to wake up to the mounting risks that water – whether in overabundance or scarcity – can pose to their operations and bottom line. At the World Economic Forum in Davos this year, experts named water risk as one of the top four risks facing business in the twenty-first century. Similarly, 53% of companies surveyed by the Carbon Disclosure Project reported that water risks are already taking a toll, owing to property damage, higher prices, poor water quality, business interruptions, and supply-chain disruptions.
The costs are mounting. Deutsche Bank Securities estimates that the recent US drought, which affected nearly two-thirds of the country’s lower 48 states, will reduce GDP growth by approximately one percentage point. Climate change, population growth, and other factors are driving up the risks. Twenty percent of global GDP already is produced in water-scarce areas. According to the International Food Policy Research Institute (IFPRI), in the absence of more sustainable water management, the share could rise to 45% by 2050, placing a significant portion of global economic output at risk.
Powering development with affordable, sustainable electricity
Transportation is quite literally the engine of economic growth in large congested cities throughout the developing world. EMBARQ – the WRI Center for Sustainable Transport – is working to bring cleaner, more efficient transportation systems to these cities. With assistance from EMBARQ and other national and international organizations, India’s Ministry of Urban Development is implementing the country’s first-ever national urban transportation policies. Cities and states that adopt the policies become eligible for financial assistance from a new $11 billion government program, Jawaharlal Nehru Urban Renewal Mission, to support sustainable transport projects. The policies are a significant step toward reducing greenhouse gas emissions and achieving India’s vision of making its cities the most productive and livable in the world.
Communities dependent on natural resources have long faced injustice in both the Philippines and India. Now, thanks to the work of WRI and its national partners in The Access Initiative, victims of pollution and environmental degradation have a better chance in getting redress before special environmental courts and tribunals.
India: The National Environmental Appellate Authority (NEAA) of India is an administrative court that hears appeals against project approvals where an Environmental impact Assessment was legally required and which had a longstanding reputation for almost always siding with developers against communities. TAI partners challenged several NEAA decisions before the New Delhi High Court and were victorious. Not only did the Court agree with the criticisms leveled against the NEAA, but TAI’s efforts made it clear that the institution needed far reaching reform.
Independently, the Ministry of Forests and Environment introduced a Green Tribunal Bill in the Indian Congress which sought to abolish the NEAA and establish a green tribunal that would hear environmental disputes throughout the country. Concerned that some clauses would limit the scope of environmental dispute resolution, TAI partners successfully developed a critique of the bill and a nationwide campaign for its reform, resulting in ministerial level meetings and the incorporation of most of TAI’s proposed revisions in the final bill, passed in May 2010.
Philippines: In April 2010, the Philippine Supreme Court adopted official “procedures for environmental cases” to be used for civil, criminal and special civil actions brought before the country’s regional, metropolitan and municipal trial courts. This guidance has enabled the Philippines newly established network of environmental courts - the most extensive in any country worldwide - to avoid long-winded and expensive cases. The newly established procedures include provisions to simplify trials, make them speedier, and lower their cost, including by awarding fee waivers for the poor. They also enable courts to monitor and ensure enforcement of judgments.
TAI Philippines, a coalition of NGOs led by the Ateneo de Manila School of Government, drafted the groundbreaking “bench book” for the Philippines’ new environmental courts, supported by WRI which provided finance and training support. In an early demonstration of the effect of these new procedures, plaintiffs in 150 separate villages are filing a collective suit to compel the government to plan water use in the face of climate change.
Ahmedabad launched South Asia’s first complete BRT in October 2009. Janmarg, which means “the people’s way” in Gujarati, focuses the city’s massive growth into sustainable, high-capacity bus corridors. By 2014, Janmarg will serve 90 kilometers and carry 175,000 daily passengers.
Ahmedabad’s success was made possible through the support of several partners, including EMBARQ, whose India staff exposed city officials to best practices of bus rapid transit design and operations during study tours to Mexico City, Mexico; Bogota, Colombia; and Curitiba, Brazil. EMBARQ also conducted an in-depth review of the Janmarg system in August 2009 and provided ongoing advice to the project’s technical leader, CEPT University, to help reinforce critical design concepts.