Chief minister Fadnavis pitches Mumbai as Global South climate finance gateway

Maharashtra Chief Minister Devendra Fadnavis has positioned Mumbai as a pivotal hub for climate finance in the Global South. During a recent event, he urged international financial institutions and organizations to collaborate with the state government to develop scalable climate transition models. These models aim to be replicable across various emerging economies, thereby facilitating sustainable development practices. Fadnavis emphasized the importance of innovative financing mechanisms to address climate change challenges while promoting economic growth. By fostering partnerships with global entities, he envisions Mumbai becoming a leader in climate finance, ultimately contributing to India's broader environmental goals and commitments under international climate agreements.