The New Indian Express
VIZAG: India has a common framework for climate vulnerability assessments but hasn’t yet established one on climate risk. It also lacks a systematic methodology for evaluating the extent to which development programmes address climate risk and vulnerability. Besides, there are funding gaps in climate adaptation measures at the national and sub-national levels.
A recent report titled “Financing Adaptation in India,” by the Climate Policy Initiative, suggests various actions to mitigate the impacts of climate change and ensure sustained economic growth. It recommends that the 16th Finance Commission include adaptation-related interventions as a variable when setting the criteria and formula for devolution of funds to state governments.