Mumbai Climate Week 2026
Rethinking Urban Adaptation and Mobilizing Finance at Scale for Resilient Cities in India
17th February, 2026, 2:00 pm – 3:30 pm IST, Sofitel Mumbai

Agenda

• Opening Remarks – Framing presentation (5-10 minutes), session context (5 minutes each WRI to initiate the opening acknowledging ICRIER & Convergence Blended Finance)

• Policy interventions and discussions: Reflections from key policymakers/practitioners to kickstart the discussion (20-25 minutes)
o Reflections from policymakers (ICRIER)
o Potential for blended finance (Convergence Blended Finance)

• Moderated round table discussion and audience engagement (40 – 45 minutes), with discussion delving into topics such as:

• Key constraints within municipal finance systems that limit private sector participation
• Identification of Key Sub-sectors where blended finance is suitable within urban adaptation
• Solutions for effective usage of public and philanthropic finance

• Concluding reflections and way forward (5-10 minutes)

Pillar 1: Urban Adaptation, Fiscal Risk, and Municipal Financial Health

Which would cover topics such as:

• Climate events as contingent liabilities for Urban Local Bodies (ULBs)
• Post-disaster expenditure spikes and revenue disruptions
• Implications for municipal solvency, service delivery, and fiscal stress
• Adaptation as protection of municipal creditworthiness
• Asset maintenance, depreciation, and climate-adjusted asset valuation

Pillar 2: Rethinking Adaptation Finance from the Municipal Finance Lens

Which would cover topics such as:

• Innovations building on current experiences with project-based and blended finance approaches for urban adaptation
• Need for predictable, recurrent, and rules-based fiscal flows that are climate responsive
• State-level guarantees, resilience reserves, and climate-contingent municipal grants
• Risk-pooling mechanisms across cities at the state or regional level