Climate Budgeting:

As we strive for developed nation status, addressing climate change is more urgent than ever. This discussion will emphasize the vital role of sub-national climate action plans in fostering sustainability. Local governments are key in implementing strategies that align with national goals and directly benefit their communities. We will examine the Mumbai Municipal Corporation’s climate action plan and innovative climate budget as potential models for others. The conversation will also cover collaboration among local bodies, NGOs, and the private sector, assessing the effectiveness of these partnerships in driving real change. Key topics include policies that incentivize sustainable practices, financial challenges faced by industries, and the importance of equity and inclusivity in climate initiatives. Additionally, we will explore the role of citizens in these plans and how public engagement can enhance awareness and create jobs in the green economy. By balancing climate mitigation and adaptation and learning from successful examples worldwide, this session aims to empower local governments and communities to take meaningful action against climate change, fostering resilience from the ground up.