Publication date

अग, 2021

Details

NIPFP Working Paper No. 341

Authors

Lekha Chakraborty

Abstract

India was the first to integrate climate change criterion in the inter-governmental fiscal transfers. This analysis suggests that climate change criterion in the intergovernmental fiscal transfer mechanism in India is a significant step to incentivise the conservation of forests. However, the macropolicy channel of this link is through the public expenditure priorities related to climate change commitments by the state governments, to make a “just transition” towards a sustainable climate-resilent economy.

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