Economic costs are associated with both these pathways, mitigation in the form of investments in new technologies and absence of mitigation in the form of transition costs and physical damages respectively. [...] Central Banks and governments need to assess both, the direct impacts of physical and transition risks and the indirect effects, given the interconnectedness in the economic and the financial systems (Ens and Johnston, 2020). [...] This chapter lays out the broad trends in the sources and direction of climate financing over the last decade, the split between support for mitigation and adaptation, and outlines India’s institutional framework to deliver climate finance and support climate action. [...] Majority of the proceeds of the green bonds in the country are being utilised in the renewable energy sector. [...] Some of the prominent AF projects in India are: the climate proofing of watersheds in Tamil Nadu and Rajasthan, enhancing adaptive capacity of small and medium farmers in West Bengal, and of small inland fishermen in Madhya Pradesh.
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