State unveils 1,000 urban climate projects
MUMBAI, Feb. 18 -- A series of policy launches by the Maharashtra government marked the opening day of Mumbai Climate Week (MCW), which will continue till February 19, 2026, signalling a push to integrate climate action with the state's economic growth agenda.
Aligned with its ambition of becoming a $1 trillion economy, Maharashtra unveiled a comprehensive Climate Finance Access and Mobilisation Strategy (CFAMS) aimed at identifying, accessing and deploying funds for climate-resilient infrastructure, clean energy and long-term climate action across the state.
Developed by the State Climate Action Cell in collaboration with WRI India and the Maharashtra Institution for Transformation (MITRA), the strategy seeks to align development priorities with the vision of Viksit Maharashtra 2047. The state also announced plans for a Maharashtra Climate Finance Dashboard to track climate-related expenditure across departments, strengthen data-driven decision-making and attract capital from financial markets. "As Maharashtra moves toward its goal of becoming a $1 trillion economy by 2027-28, climate action must be seen as an economic priority, not just an environmental one," said Praveen Pardeshi, CEO of MITRA and chief economic adviser to Chief Minister Devendra Fadnavis. "Public funding alone cannot meet the scale of investment required."
According to Abhijit Ghorpade, director of the State Climate Action Cell, Maharashtra estimates it will require nearly Rs.3 lakh crore between 2024 and 2030 to implement measures outlined in the State Action Plan on Climate Change (SAPCC) 2.0.
In partnership with WRI India, the state's environment and climate change department also launched a first-of-its-kind pipeline of more than 1,000 urban climate action projects across 44 cities under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Further, the government unveiled three state-level energy modelling tools to guide the transition to a low-carbon economy while sustaining growth....
To read the full article or to get the complete feed from this publication, please
Contact Us.