IDEAS home Printed from https://ideas.repec.org/p/npf/wpaper/20-311.html
   My bibliography  Save this paper

Biodiversity Conservation in India: Mapping Key Sources and Quantum of Funds

Author

Listed:
  • Pandey, Rita

    (National Institute of Public Finance and Policy)

  • Gupta, Manish

    (National Institute of Public Finance and Policy)

  • Sachdeva, Paavani

    (University of Illinois at Urbana Champaign)

  • Singh, Abhishek

    (Fifteen Finance Commission)

Abstract

India being a signatory to CBD is mandated to achieve biodiversity targets according to a time line, which requires a credible action plan, funds, and a smart implementation strategy. While India has a National Biodiversity Action Plan, it lacks a Biodiversity Finance Policy/Plan - key to identifying, current funds flow, periodic and continuous additional finance needs as well as resource mobilization strategies. Biodiversity finance in India, is highly fragmented, lacks a clear policy and a road map. Multiple institutions are involved in directing finance often with overlapping functions and no systematic tracking. While a couple of studies have attempted to map the sources and quantum of funds towards biodiversity conservation, there is no comprehensive estimate of total budgetary funding in India for this purpose. This paper not only fills this gap but also estimates the flow of funds from externally aided projects and from corporate sector through CSR and other compliance mandates. The paper uses a modified `Rio-marker' methodology and `Budgetary data on Actual Expenditure' on biodiversity in the analysis thus contributes to both theoretical and empirical literature on the subject. The analysis shows that the majority of BD management is through government Budget support, supplemented by externally aided projects, corporate sector, and Civil Society. The paper shows that a template for tracking and tagging biodiversity expenditure is necessary in institutionalizing this process and thus moving towards a credible biodiversity finance plan.

Suggested Citation

  • Pandey, Rita & Gupta, Manish & Sachdeva, Paavani & Singh, Abhishek, 2020. "Biodiversity Conservation in India: Mapping Key Sources and Quantum of Funds," Working Papers 20/311, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:20/311
    Note: Working Paper 311, 2020
    as

    Download full text from publisher

    File URL: https://www.nipfp.org.in/media/medialibrary/2020/07/WP_311_2020.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sacchidananda Mukherjee, 2020. "Goods and Services Tax efficiency across Indian States: panel stochastic frontier analysis," Indian Economic Review, Springer, vol. 55(2), pages 225-251, December.
    2. Bhattacharya, Tania & Bhattacharya, Anindya, 2019. "Financing biodiversity action plan using state appropriation account analysis: A case study of an Indian state," Ecosystem Services, Elsevier, vol. 39(C).
    3. Shah, Ajay, 2020. "Responding to the new coronavirus: An Indian policy perspective," Working Papers 20/309, National Institute of Public Finance and Policy.
    4. Pandey, Rita & Kedia, Shailly & Malhotra, Anuja, 2020. "Addressing Air Quality Spurts due to Crop Stubble Burning during COVID19 Pandemic: A case of Punjab," Working Papers 20/308, National Institute of Public Finance and Policy.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Honey Karun & Hrishikesh Vinod & Chakraborty, Lekha S., 2020. "Did public investment crowd out private investment in India?," Working Papers 20/312, National Institute of Public Finance and Policy.
    2. Chakraborty, Lekha S. & Thomas, Emmanuel & Gandhi, Piyush, 2020. "Natural Resources Revenue Buoyancy in India: Empirical Evidence From State-specific Mining Regime," Working Papers 20/313, National Institute of Public Finance and Policy.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Honey Karun & Hrishikesh Vinod & Chakraborty, Lekha S., 2020. "Did public investment crowd out private investment in India?," Working Papers 20/312, National Institute of Public Finance and Policy.
    2. Chakraborty, Lekha S. & Thomas, Emmanuel & Gandhi, Piyush, 2020. "Natural Resources Revenue Buoyancy in India: Empirical Evidence From State-specific Mining Regime," Working Papers 20/313, National Institute of Public Finance and Policy.
    3. Seidl, Andrew & Cumming, Tracey & Arlaud, Marco & Crossett, Cole & van den Heuvel, Onno, 2024. "Investing in the wealth of nature through biodiversity and ecosystem service finance solutions," Ecosystem Services, Elsevier, vol. 66(C).
    4. Pandey, Rita & Gupta, Manish & Sachdeva, Paavani & Singh, Abhishek, 2021. "Financing Biodiversity and Ecosystems Conservation in India: Implications for Efforts and Outcomes," Working Papers 21/335, National Institute of Public Finance and Policy.
    5. Mukherjee, Sacchidananda, 2021. "Revenue Shortfall and GST Compensation: An Assessment," Working Papers 21/356, National Institute of Public Finance and Policy.
    6. Shah, Ajay, 2020. "Responding to the new coronavirus: An Indian policy perspective," Working Papers 20/309, National Institute of Public Finance and Policy.
    7. Mukherjee, Sacchidananda, 2023. "Revenue Performance Assessment of Indian GST," Working Papers 23/392, National Institute of Public Finance and Policy.
    8. Hrushikesh Mallick, 2024. "Role of ICT, Governance Quality in Indirect Tax Revenue Productivity: A Comparative Analysis of Two Recent Indirect Tax Regimes in Indian States," South Asian Journal of Macroeconomics and Public Finance, , vol. 13(1), pages 7-38, June.

    More about this item

    Keywords

    Biodiversity financing ; government expenditure ; sub-national governments ; Maharashtra ; India;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:npf:wpaper:20/311. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: S.Siva Chidambaram (email available below). General contact details of provider: http://www.nipfp.org.in .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.