A recent World Bank report highlights the need for Indian cities to invest over $2.4 trillion in developing resilient and low-carbon infrastructure by 2050. This investment is crucial as cities face increasing climate risks such as floods and heatwaves leading to potential economic losses. The report specifically mentions Delhi, Chennai, Surat, and Lucknow as the most vulnerable cities needing immediate attention. Urgent fiscal adjustments and leveraging private capital are recommended to bridge the infrastructure gap and combat climate challenges effectively.
