India's CDM projects set to revolutionize climate finance, boost emission reductions.
This paper looks at how to fund and manage projects that reduce pollution in India to help fight climate change. The researchers show that in order for special projects to work correctly, India needs to improve its financial systems. Right now, banks and other financial groups aren't great at financing these special projects. For these projects to succeed, they need better rules from government regulators and more know-how from private companies. By improving how projects are funded and organized, meaningful progress can be made in reducing pollution and taking on the challenges of climate change.