| Sr. No. | |
| Chapter I : The Climate Strikes Back |
| 1. | Introduction |
| 2. | Global Manifestation of Climate Change |
| 3. | Climate Policy Action |
| 4. | India’s Involvement in Global Climate Change and Action |
| 5. | Climate Change and the Reserve Bank of India |
| 6. | Concluding Observations |
| Chapter II : Macroeconomic Effects of Climate Change In India |
| 1. | Introduction |
| 2. | India’s Exposure to Climate Shocks |
| 3. | Manifestation of Climate Change in India |
| 4. | Macroeconomic Impact of Climate Change in India |
| 5. | India’s Transition Towards Net Zero |
| 6. | Sectoral Green Transition Challenges |
| 7. | Concluding Observations |
| Chapter III : Climate Change and Financial Sector |
| 1. | Introduction |
| 2. | Financial Risks due to Climate Change |
| 3. | Modelling the Macro-Financial Transmission of Climate Risk |
| 4. | Stakeholders’ Survey on Financial Risks |
| 5. | Climate Stress Test for Indian Banks |
| 6. | Green Financing Requirement |
| 7. | Mitigation of Financial Risks |
| 8. | Concluding Observations |
| Chapter IV : Policy Options to Mitigate Climate Risks |
| 1. | Introduction |
| 2. | Fiscal Policy Initiatives |
| 3. | Innovation and Technology Adoption |
| 4. | Trade Policy |
| 5. | Regulatory Measures |
| 6. | Market-based Solutions |
| 7. | Monetary Policy |
| 8. | Nudging Behavioural Change |
| 9. | Impact of Policy Interventions on Reducing Carbon Emissions: A Scenario Analysis |
| 10. | Concluding Observations |
| LIST OF BOXES |
| Sr. No. | |
| I.1 | Decoupling of Global Growth and GHG Emissions |
| I.2 | International Climate Equity and Justice: Some Analytical Insights |
| I.3 | Implications of Climate Risk Factors for Indian Agriculture |
| I.4 | Energy Transition Scenarios for India |
| II.1 | Economic Impact of Cyclone Amphan on the Coastal Districts of West Bengal and Odisha |
| II.2 | Economic Growth, Energy Consumption and Emissions: The Trade-offs |
| II.3 | Climate Change Impact on GDP – A Comparative Assessment |
| III.1 | Measuring Indian Banks’ Transition Risk using an Energy Intensity Metric |
| III.2 | Role of NBFCs in Propagating Climate Change Impact |
| III.3 | Climate Risk Impact Assessment in a DSGE Model for India |
| III.4 | Performance of ESG Indices vis-à-vis Broad Market Indices |
| IV.1 | Emerging Market (EM) Green Bonds: The Significance of Greenium |
| IV.2 | Innovation for Sustainable Energy Transition |
| IV.3 | Green PLI – Exploring India’s Export Potential in Climate Friendly Goods (CFGs) |
| IV.4 | Carbon Emissions Embedded in International Trade – India’s Perspective |
| IV.5 | Do Indian Companies Walk the Talk on ESG? |
| LIST OF TABLES |
| Sr. No. | |
| I.1 | Bai-Perron Structural Breaks in GCCI |
| I.2 | Cumulative CO2 Emissions: India vis-à-vis World |
| I.3 | India’s Action Related to Climate Change |
| II.1 | Sector-wise Share in GVA and CO2 Emission Intensity (2018-19) In India |
| II.2 | Onset and Withdrawal of Monsoon in India |
| II.3 | Difference-in-Difference Panel Data Results |
| II.4 | Scenario Assumptions |
| II.5 | Energy Transition and GHG Emissions Towards Net Zero by 2070 vis-a-vis 2021-22 |
| II.6 | Electricity Tariff in India in 2021-22 |
| II.7 | Plant-level Levelised Cost of Electricity (LCOE) Calculation |
| II.8 | Transport Sector - Energy Consumption and Emission (2019) |
| II.9 | Manufacturing Firms in India: Energy Intensity, Output and Emissions |
| II.10 | Share of Fuels in Indian Manufacturing Sector |
| II.11 | Fuel Usage in Indian Manufacturing Sector (2019-20) |
| III.1 | Projected Estimates of Green Finance Requirements |
| IV.1 | Step-wise Considerations for Implementing a Carbon Tax |
| IV.2 | Carbon Tax and ETS: Advantages and Disadvantages |
| IV.3 | Carbon Pricing Mechanism in Emerging Market Economies |
| IV.4 | Emissions Trading Model in Surat |
| IV.5 | Machine Learning and its Deployment for Climate Change Solutions |
| IV.6 | Digital Tools Used for Promoting Energy Efficiency |
| IV.7 | Environmental Provisions in Most of the Global PTAs |
| IV.8 | Composition of State Energy and Climate Index (SECI) |
| LIST OF CHARTS |
| Sr. No. | |
| I.1 | Estimated Global Temperature Over Past 500 Million Years |
| I.2 | Causes of Recent Global Warming |
| I.3 | Historical GHG Emissions |
| I.4 | Global Mean Surface Temperature Anomaly |
| I.5 | Ocean Heat Content and Sea Level Rise |
| I.6 | Global Ocean Acidification |
| I.7 | Ice and Glacier Balance |
| I.8 | Global Precipitation Anomaly |
| I.9 | Evolution of Climate Change |
| I.10 | Global Climate Change and Disaster Events |
| I.11 | Target Year of Commitment for Countries |
| I.12 | Number of Net Zero Pledges and Share of Global CO2 Emissions Covered |
| I.13 | Number of Reported Deaths Due to Weather-Related Calamities |
| I.14 | Change in Global CO2 Emissions and GDP |
| I.15 | Global Carbon Emission Paths |
| I.16 | Global Temperature Rise over Pre-Industrial Average |
| I.17 | Mobilisation of Climate Finance from Developed to Developing Countries |
| I.18 | Use of Climate Finance |
| I.19 | Reported Economic Losses from Weather, Climate and Water Hazards |
| I.20 | Global Carbon Tax Coverage |
| I.21 | Global ETS Coverage |
| I.22 | Annual Surface Temperature Anomaly (Compared to baseline 1950 to 1980) |
| I.23 | Change in Surface Air Temperature over the Indian Region |
| I.24 | Climate Change-Related Disaster Frequency (Number of Events) |
| I.25 | Per Capita CO2 Emissions |
| I.26 | Energy Intensity of GDP |
| I.27 | Climate Change Performance Index, Select Countries |
| I.28 | Share of Electricity Production from Fossil Fuels |
| I.29 | Impact of Climate Risk on Monetary Transmission |
| I.30 | Average Carbon Footprint of Bank Loans in Select Countries |
| II.1 | Risks Emanating from Climate Change across Geographical Regions in India |
| II.2 | Sectoral Composition in GVA and CO2 Emissions in India |
| II.3 | Share of Fossil Fuel and Non-Fossil Fuel based Energy Sources in India’s Energy Consumption |
| II.4 | India’s Energy-Mix at A Disaggregated Level |
| II.5 | Average Annual Temperature in India |
| II.6 | Minimum and Maximum Temperature in India |
| II.7 | Global and Indian Temperature Anomaly |
| II.8 | Mean Temperature and Anomaly from Normal Temperature |
| II.9 | Total Rainfall and Rainfall Departure from LPA |
| II.10 | Frequency of Unseasonal Rains and Heatwaves in India |
| II.11 | Frequency and Intensity of Cyclonic Storms in India during 1901-2022 |
| II.12 | Spatial Distribution and Frequency of Severe Cyclones |
| II.13 | Frequency of Drought/Flood Years in the Indian Coastal States during 1951-2021 |
| II.14 | Number of Natural Disasters in India |
| II.15 | Total Foodgrains Production in India |
| II.16 | Contribution of TOP to Headline and Food Inflation Volatility |
| II.17 | Existing Path of the Kaya Factors |
| II.18 | Estimated GHG Emissions - Scenarios |
| II.19 | GHG Emissions Modelled Pathways for India as per the Climate Action Tracker |
| II.20 | Impact on India’s GDP |
| II.21 | Combined Impact of Physical and Transition Risks on India’s GDP |
| II.22 | Impact on India’s Inflation |
| II.23 | Combined Impact of Physical and Transition Risks on India's Inflation |
| II.24 | CO2 Intensity of Electricity Grids (2019) |
| II.25 | Passenger and Freight Movements by Modes of Transport |
| II.26 | EV Registrations in India |
| II.27 | Decomposition of Energy Use Transition |
| III.1 | Physical and Transition Risk Indicators |
| III.2 | Bank Credit to Green vis-à-vis Brown Industries |
| III.3 | GNPAs of Green vis-à-vis Brown Industries |
| III.4 | Sectoral Distribution of NBFC Credit |
| III.5 | Respondents’ Affiliation |
| III.6 | Source of Climate Threat |
| III.7 | Sectoral Exposure to Climate Risk |
| III.8 | Comparison of Climate and Non-Climate Stress Test Methodologies |
| III.9 | Studies on Climate Stress Tests for Physical Risks |
| III.10 | Studies on Climate Stress Tests for Transition Risks |
| III.11 | Climate Beta |
| III.12 | Climate Stress Test: PSBs vis-à-vis PVBs |
| III.13 | Bank Credit to Non-Conventional Energy Sector |
| III.14 | Spatial Distribution of Bank Credit to Non-conventional Energy |
| III.15 | Taxonomy as a policy instrument to achieve high-level sustainability goals |
| III.16 | Corporate and Government Green Bonds by Country |
| III.17 | Issuer-wise Break up of Green Bonds Issued in India (per cent) |
| III.18 | Non-life Insurance in India vis-à-vis World |
| IV.1 | Summary Map of Carbon Pricing Initiatives |
| IV.2 | Tax Revenues from Non-Renewable Energy |
| IV.3 | Countries with Highest Subsidies on Non-renewable Energy |
| IV.4 | CO2 Emissions and Carbon Tax |
| IV.5 | Sovereign Green Bond Issuances |
| IV.6 | Cost and Use Trends of Various Energy Sources |
| IV.7 | Net Electricity Production by Source (TWh) |
| IV.8 | Mineral Intensity of Selected Clean and Fossil Energy Technologies |
| IV.9 | Geographic Concentration of Selected Clean Energy Technologies by Supply Chain Stage and Country/Region, 2021 |
| IV.10 | Digitalization’s Potential Impact on Energy Demand Sectors |
| IV.11 | Trade Imbalances in GHG Emissions |
| IV.12 | Sector-Wise CSR Expenditure |
| IV.13 | CSR Expenditure by Companies |
| IV.14 | States Ranking and Score in SECI |
| IV.15 | Sectoral Average ESG Score |
| IV.16 | Relationship between Market Capitalisation and ESG Score |
| IV.17 | ESG Funds in India |
| IV.18 | Private Capital Assets Management |
| IV.19 | Scenario Analysis for CO2 Emission Reduction |