Browsing by Author "Keshava, Namratha"

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Maximising value in developmental finance : the case of conservation finance
(National Law School of India University, Bangalore, 2023-10-18) Keshava, Namratha; Dr. Sneha Thapliyal, - Supervisor
The world faces enormous challenges ranging from Climate Change to food insecurity to recovering from the damage inflicted by the COVID-19 pandemic. Addressing these challenges requires enormous amounts of resources - both financial and technical. In order to be able to optimise the utility of existing resources as well as mobilise further resources, there is a need to understand the various instruments which can facilitate the same. This study analyses three financial instruments - Grants, Concessional Loans, and Impact Bonds as instruments to deploy developmental finance. Biodiversity is crucial to our existence. The rapid loss of biodiversity threatens to reverse multiple developmental milestones which have been achieved through decades of effort. This study focuses on Biodiversity Conservation and the deployment of finance through the aforementioned instruments to fill the financing gap in this sector. This study aims to position the dialogue on financing instruments from the perspective of the global south. The Indian biodiversity conservation sector has been used as the context to position this study. In a nutshell, the study reflects upon optimising each dollar spent on development, particularly the conservation sector. The paper argues that there is no one size fits all approach in developmental finance and the need for a renewed dialogue on financing development initiated in the global south. It also provides a matrix detailing the primary criteria to be considered while choosing a financing instrument.