Note on Financing for Climate and WASH services
December 2024
In many Indian cities, WASH services and operations are provided through fossil fuel-based energy sources, which leads to high carbon emissions and consequently has adverse impacts on climate. Also, cities are spending a large amount of funds for the recurring operations and maintenance of these services. Moving towards non-fossil based / renewable energy sources for WASH operations will help reduce carbon emission, and also help cities to become financially sustainable with reduced recurring expenditure. The HSBC funded project aims to implement Energy Transition and Nature-based solution activities across the WASH value chain and ensure equitable and citywide inclusive services through gender empowerment. It assesses the city's municipal finance through budget assessments through a climate lens, adds climate resilient projects and proposes suitable line-items for making it climate friendly.
