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Indian cities' bond struggles weigh on climate finance needs

Nikkei Asia · last updated
Climate Change

Indian cities’ bond struggles weigh on climate finance needs

$10.7bn urban initiative pushing authorities to tap market faces structural challenges

A flooded street in Delhi: India’s cities are thought to need at least $2.4 trillion in spending on green urban infrastructure through 2050. © Reuters

RAJASTHAN, India — A new Indian government initiative is encouraging cities to issue bonds to raise climate adaptation funds, but a weak track record in tapping capital markets has raised questions of how far this can go in covering the trillions of dollars needed.

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