Srivastava , Shantanu and Trivedi, Saurabh
Potential financing mechanism for greening Indian urban local bodies - Nagarlok: Quarterly Journal of Urban Affairs - 55(2), Jun, 2023: p.62-68
This article discusses the challenges Urban Local Bodies (ULBs) in India face in financing climate mitigation and adaptation projects, despite their critical role in addressing climate change. To address these challenges, the article presents potential financing mechanisms for Indian ULBs to finance their low-carbon infrastructure needs. These mechanisms include municipal green bonds, aggregation models, risk mitigation facilities and carbon credit trading. The article provides examples of such mechanisms used by ULBs in India or abroad and addresses existing policy gaps and capacity issues to ensure the effective use of these mechanisms by Indian ULBs.- Reproduced
Municipal green bonds, Low-carbon infrastructure, Climate finance, Carbon credits, ULB finances.
Potential financing mechanism for greening Indian urban local bodies - Nagarlok: Quarterly Journal of Urban Affairs - 55(2), Jun, 2023: p.62-68
This article discusses the challenges Urban Local Bodies (ULBs) in India face in financing climate mitigation and adaptation projects, despite their critical role in addressing climate change. To address these challenges, the article presents potential financing mechanisms for Indian ULBs to finance their low-carbon infrastructure needs. These mechanisms include municipal green bonds, aggregation models, risk mitigation facilities and carbon credit trading. The article provides examples of such mechanisms used by ULBs in India or abroad and addresses existing policy gaps and capacity issues to ensure the effective use of these mechanisms by Indian ULBs.- Reproduced
Municipal green bonds, Low-carbon infrastructure, Climate finance, Carbon credits, ULB finances.