01199nam a22001217a 4500008004100000100004900041245007300090260005100163300003000214520067900244650010300923773005101026231013b           ||||| |||| 00| 0 eng d  aSrivastava , Shantanu  and Trivedi, Saurabh   aPotential financing mechanism for greening Indian urban local bodies  aNagarlok: Quarterly Journal of Urban Affairs    a55(2), Jun, 2023: p.62-68  aThis 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   aMunicipal green bonds, Low-carbon infrastructure, Climate finance, Carbon credits, ULB finances.    aNagarlok: Quarterly Journal of Urban Affairs