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Scaling Domestic Climate Philanthropy in India

01 June 2022

By

Sharman Pandian

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Co-author: Bhawani Singh Maurya

2 min read

India had recently faced its hottest recorded heat wave in over a century. Despite droughts, the region also faces the worst impacts of climate change, brought about by extreme weather resulting in floods, and damage to livelihoods and wildlife. In response to these events, India has set clear targets for GHG mitigation, and has diverted its resources to focus on climate mitigation. Far more needs to be done to adjust to the effects of climate change, to avoid worsening the situation and create mutually benefiting scenarios from these effects. Focus needs to be drawn towards climate adaptation.

India’s growing philanthropic market has seen approximately USD $9 billion in funding given to a variety of causes. A study on climate finance by India Climate Collaborative (ICC) states that philanthropic contributions to addressing climate change are insufficient, it reflected that in 2019, less than 2% of philanthropy focused on climate mitigation and even less on climate adaptation and resilience.At the recent Conference of Parties (COP26), India had pledged to achieve ‘net-zero’ carbon emissions by 2070. The country had also announced enhanced targets for carbon emission reduction and renewable energy deployment.

In order to achieve these targets, a NITI Aayog estimate indicates that the sector will require approximately $4.5 trillion to meet its infrastructure gaps. Existing climate finance volumes are insufficient to meet this goal, and will need to be supplemented with budget revenue, international climate finance and private investment. Considering the above gap, there is a need to increase the number of domestic philanthropic givers and raise awareness on the opportunities available to galvanise more climate philanthropy.

In a flurry of firsts, AVPN will be convening a series of events (Climate Solution Case Studies; Climate Champions Video profiles and Capacity Building Workshops) in an effort to increase the number and diversity of philanthropists that are giving in India and to increase the amount of funding allocated to climate action.

For more information please contact sharman.pandian@avpn.asia and bhawani.maurya@avpn.asia.

References

A. Environmental Stewardship
To protect the environment, we organize programmes like mangrove nursery and Reforestation, Coastal and River Clean-Up, Community Based Environmental Solid Waste Management, Environmental IEC Campaign and Eco-Academy

B. Food Security and Sustainable Livelihood
To ensure a sustainable livelihood for the community, eco-tourism include Buhatan River Cruise Visitor Center Buhatan River Mangrove Boardwalk are run by the community. Others include Organic Vegetable and Root crops Farming, Vegetable and Root crops Chips and by-products Processing and establishing a Zero waste store.

C. Empowered Communities
To empower the community, we provide product and Agri-Enterprise Development Training, Immersion and Learnings Exchange Program, Earth Warrior Training and Community Based Social Entrepreneurship Training

Author

Sharman Pandian

Senior Platform Associate

Sharman is our Senior Platform Associate for the Climate Action Platform. Before AVPN, he was a Captain in the Singapore Armed Forces and held 8 years of leadership and management experience. Sharman strongly believes that international collaboration is key towards positive climate change. During his time in London, he participated in the UK-Japan conference that discussed the contemporary challenges prevalent in the respective regions. He admires the vastness of the ocean and loves exploration. He has achieved an Advanced diver certification and hope to achieve a Master Diver certification in the future. Sharman obtained a MSc in Climate Change: Environment, Science and Policy from King’s College London.

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We see social investment as a continuum that encompasses everything from philanthropy and venture philanthropy to impact investing, CSR and sustainable investment. We call this the “Continuum of Capital”.

We see social investment as a continuum that encompasses everything from philanthropy and venture philanthropy to impact investing, CSR and sustainable investment. We call this the “Continuum of Capital”.

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