WRI India’s Post

Mumbai is the first Global south megacity to be doing a climate budget. Do check out the webinar below and join us to hear out as WRI India and C40 Cities unpack the entire exercise

More than 3.5 billion people are already exposed to major climate hazards such as heat, drought and flooding. For the most climate-vulnerable communities, this becomes a question of survival. That is to say, the ability to secure the food, water, housing and infrastructure we all need to live. The #RaceToResilience campaign and Sharm El Sheikh Adaptation Agenda are working to build this for the four billion people most affected by climate change. At #ClimateWeekNYC, the High-Level Champions convened partners to accelerate the implementation of the agenda and explored the long-term investment horizon. UN Climate Change High-Level Champion, COP27, Dr. Mahmoud Mohieldin said “localised climate action is crucial in the context of addressing adaptation and resilience gaps, including partnerships with mayors and city leaders. As we respond, we need to benefit from the regional expertise and the positive and negative lessons of the past.” Reena Gupta, Advisor to the Environment Minister of Delhi, strengthened this message saying that “the elephant in the room is climate finance, some should be grant funding but I don’t see enough flowing in”. Alongside yesterday morning's event, the City of Delhi announced it has joined the #RaceToResilience unveiling its plans for waste, clean energy, and nature for its 30 million inhabitants. The event was moderated by Emma Howard Boyd CBE and attended by Sheela Patel, both of which are our Global Ambassadors. Currently only 1-3% of private finance globally can be attributed to investing in adaptation solutions. To achieve both speed and scale here, the High-Level Champions are calling for the integration of adaptation and resilience into business and investment strategies. We need to “make every dollar work harder for the benefit of people” said Elizabeth Yee. Speaking on infrastructure specifically, we need to ensure that all development is climate resilience, and “now there is a valuation upside for that asset investment” closed Mahesh Roy.

Climate budgeting in India represents a pivotal shift towards integrating sustainability into our economic framework. India is forging ahead by integrating financial resources with our national climate objectives, not only preparing for but actively shaping the future. These are promising times ahead for sustainable growth and resilience! Great article by Linpico SARL India team exploring the vital role of climate budgeting in India. #climate #budget #sustainability #netzero

🚀 Climate Budgeting: A Pathway to Sustainable Growth in India 🌱 India's ambitious goal of achieving net-zero emissions by 2070 underscores the critical role of climate budgeting. This strategic financial planning integrates climate considerations into national and sub-national budgets, enhancing transparency, accountability, and efficient resource use. Key highlights: 🌏 India's climate initiatives require an estimated USD $2.5 trillion by 2030. 🌿 States like Odisha lead with frameworks assessing the climate relevance of budgets. 🏙️ Cities adopt the Climate SMART Cities Assessment Framework to enhance climate resilience. Climate budgeting not only supports India’s climate goals but also drives sustainable development, fiscal stability, and economic opportunities. As we approach the Union Budget 2024-2025, let's prioritize sustainable investments and innovative financial models to ensure a prosperous, low-carbon future. #ClimateAction #SustainableDevelopment #ClimateBudgeting #IndiaClimateGoals

Though there is a long way to go, this still feels like coming to a full circle, in a bigger circle of things with many smaller loops. This is a milestone indeed, since the time of kick-starting the preparation of BCAP in 2021 and the 2 year journey that ensued thereafter. Read this piece written by Praseeda Mukundan and me to know about a few lesser known facts about BCAP here https://lnkd.in/gwUMhHYU

STARTING SHORTLY I Launch of Bengaluru’s first-ever Climate Action and Resilience Plan (BCAP) at Bengaluru’s Freedom Park Amphitheatre! The BCAP also marks the preparation of the city’s first-ever Greenhouse Gas (GHG) inventory – analysing all the major sectors/sources that emit GHGs into the atmosphere (as per the GPC reporting framework-BASIC level). We also look forward to discussing pathways to further inclusive climate actions in the key priority areas identified in the #BCAP.    The Launch will be followed by a panel discussion that will see Vasanthi Hariprakash interact with our guests Vishwanath S, Biome Environmental Trust, Prof. Ashish Verma, Indian Institute of Science (IISc), Ramkumar Narayanan, NASSCOM, Jai Asundi, CSTEP, Shobha Raghavan, Saahas Zero Waste, Dr. Ravindra Mehta, Vaayu, Seema Mundoli, Azim Premji University    Follow this space for updates | #ClimateFirstBengaluru #BCAP    #TransformingBengaluru #BengaluruClimateActionandResiliencePlan  #ClimateAction #BCAP #ClimateChange #ClimateResilient, #ClimateAdaptation, #ClimateMitigation #ClimateActionPlan #SustainableCities #ClimateActionNow #ClimateCrisis #ClimateCrisis 

As India confronts rising #climatechange impacts, robust #climatebudgeting becomes crucial for sustainable growth. Our latest article explores the vital role of climate budgeting in driving India's #sustainability, focusing on innovative #financial strategies, #greenfinance, and #publicprivatepartnerships. Ministry of Housing and Urban Affairs UNDP UNDP in India International Energy Agency (IEA) Gautamm Dalmia Linpico SARL #SustainableFinance #ClimateAction #GreenFinance #NetZero #SustainableDevelopment #ClimateResilience #RenewableEnergy #ClimatePolicy #SustainableCities

🌍 I am excited to share our latest article on the imperative of #ClimateBudgeting titled "Climate Budgeting in India: A Pathway to Sustainable Growth", which I had the privilege to co-author. In this article, we explore how integrating climate considerations into budgeting processes can propel India towards #SustainableGrowth.🌱🔍 Have a great read!📖 #Sustainability #GreenFinance #ClimateAction #ClimateChange #RenewableEnergy #ClimatePolicy #ClimateResilience #CityFinance #NetZero

In a fast mutating and transforming world, climate action and resilience is especially imperative to design a fair future for all! The Benguluru Climate Action and Resilience Plan is a fantastic first step: #datadriven, #collaborative and #inclusive.

Indian cities are strategically navigating through urban development while facing a challenging climate scenario, escalated by #greenhouse gas (#GHG) emissions, more frequent #climate disasters, and the impact of urban growth. Monitoring #climateactions is therefore necessary for building #resilience and #sustainable cities. In this context, National Institute of Urban Affairs (NIUA) and Ministry of Housing and Urban Affairs have created #CSCAF, a self-assessment tool for cities to monitor their climate action. 👇Explore more about CSCAF in our Did You Know Series (#DYKSeries) Follow #DYKSeriesNIUA #NIUAProjectInsights for more updates. Smart Cities Mission| Climate Centre for Cities (C-CUBE) Victor Shinde| Vaishnavi T G Shankar| Sarath Babu M G| Punit Gandhi| Anshul Abbasi| Ankita Raman| Venkat Jayagopi| Nidhi Rai Jain| Dr. Mandvi Misra| Ayushi Govil| Yashwanth Kumar puducheri| Deepshikha Sinha| Satarupa Roy Ila Singh| Garima Agarwal| Chidambari Kulkarni