Centre for Climate Change
Climate change has become a real and tangible, affecting people’s life worldwide. India is ranked as the sixth most vulnerable nation to climate change impact in Global Climate Risk Index 2017.The country is more vulnerable to impact of Climate Change in view of the high population dependent on agriculture and high dependence on climate parameters. The cost of climate change is estimated at around 1. 5 % of GDP from agriculture every year( ICAR- NICAR project).
India has already shown its commitment to help address the Global climate change and is signatory to United Nations Framework Convention on Climate Change(UNFCCC) and Kyoto Protocol. India has huge climate finance requirement (>US $ 1 Trillion) between 2015 and 2030 to meet its commitment made under NDCs (Source Niti Ayog)
NABARD has taken various initiative in addressing the challenges posed by climate change particularly in the area of agriculture and rural livelihood sector. NABARD in the capacity of national implementing Entity(NIE) for three important funding arrangements viz. Adaptation Fund(AF),National Adaptation Fund for Climate Change(NAFCC) and Green Climate Fund(GCF) aims to channelize national, international and private finance for adaptation and mitigation activities in India.
Keeping in view the need for focus attention on capacity development in the area of climate finance among the stakeholders, NABARD has taken the lead in establishing the Center for Climate Change at BIRD, Lucknow. The center is supported by Indo-German Cooperation Project on Center of Excellence on Climate Finance coordinated by GIZ,Germany.