Extreme Weather Conditions Can Harm Indian Cities: World Bank Report
INDIA, JUL 21 – India aims to align policies and financial tools to support workers and communities dependent on fossil fuels during its energy transition, requiring over $2.4 trillion investment by 2050, reports say.
10 Articles
10 Articles
World Bank Report: By 2030, Indian cities to create 70% of jobs but may lose $5 bn to floods; need greater autonomy to counter climate risks
The 74th Constitutional Amendment Act of 1992 gave constitutional status to Urban Local Bodies (ULBs) to strengthen local self-governance.
India must boost climate infrastructure funding as urban populations swell
India will need more than $2.4 trillion by 2050 to protect its fast-growing cities from worsening climate threats like flooding, extreme heat, and rising seas, according to a new World Bank report.Nikunj Ohri reports for Reuters.In short:India’s urban population is expected to nearly double by 2050, putting increased pressure on city infrastructure already strained by extreme weather.Without large-scale investment, annual damage from urban flood…
India must invest $2.4 trillion by 2050 to see climate-resilient urban growth, says World Bank
In a report, the bank says India’s urban population may nearly double to 951 mn by 2050, but cities face rising climate risks, requiring massive investment in resilient infra.
India Needs $2.4 Trillion For Climate Infrastructure By 2050: World Bank
India needs to invest more than $2.4 trillion by 2050 to build climate-resilient urban infrastructure, as its fast-expanding cities face growing challenges from extreme weather events linked to climate change, the World Bank said on Tuesday.
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