Financing Mumbai’s flood resilience

Business World | Mar 26, 2020 at 7:22 PM
  • Monsoon floods are not a distant threat for Mumbai, but an annual feature for its ~18 million residents.
  • The same year, the city of Miami approved a resilience bond through municipal borrowing to fund flood resilience projects, including flood defences, improved drainage capacity, pumping stations to collect/discharge storm water, etc.
  • Besides this, the Climate Bond Initiative’s Water Infrastructure Criteria, which covers flood defences, storm water management, ecological restoration, water monitoring, water capture and transfer, is also relevant from the perspective of evaluating flood-resilience investments.