For chapter titled ‘Sustainable and climate budget’, AMC has earmarked one-third of its budget for Climate Action for 2025-26 focusing on implementing Net-zero Climate Resilient City Action Plan aligned with India’s 2070 target.
- Earlier, unlike AMC, Brihanmumbai Municipal Corporation (BMC) unveiled Climate Budget consisting 33% capital expenditure for climate-related projects.
About Climate Budgeting
- It is a governance system mainstreaming climate commitments into decision-making on policies, actions and budget.
- This means integrating climate targets from city’s Climate Action Plan into city’s budgeting process and assigning responsibility for implementation and monitoring across city government.
Importance of Climate Budgeting for Cities
- Foster climate-resilient development; curb emissions and aid in achieving global and national climate targets.
- Aids in estimating climate finance gap by analysing expenditures and promote innovative financial models mobilising climate finance.
Role of Local Administration in Climate Action
- Varied localized climate action: Impact of climate change is geographically and socio-economically varied, making local actions more effective.
- E.g. In 2024-25, Mumbai (BMC) allocated ~30% of its capital budget to tackle urban flooding.
- First Responder to climate change induced extreme weather events. E.g. Landslides
- Access to local and traditional knowledge for climate adaptation and mitigation. E.g. Kundi rainwater harvesting in Rajasthan.
Mechanisms for Local Government Climate Finance
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