Indian Cities Explore Green Bonds to Strengthen Climate-Resilient Urban Infrastructure

India's Economic Survey highlights the urgent need for climate-resilient urban infrastructure amid challenges like air pollution and water scarcity. Urban Local Bodies (ULBs) face governance and financial constraints, limiting their ability to implement climate initiatives. While municipal bonds remain underutilized due to weak finances and complex processes, some cities like Ghaziabad and Pimpri Chinchwad have successfully issued green bonds, benefiting from government incentives and enhanced credibility, signaling potential for broader adoption.