Key Points
Smart Cities Mission and AMRUT vital for green urban growth
Report cites U-shaped urbanisation-forest cover recovery trend
Green bonds and stricter regulations needed for sustainability
Renewable energy investments crucial for climate-resilient cities
These initiatives, the report said, are essential to managing urban growth while protecting the environment.
SBI said "more and more programmes like Smart Cities Mission and AMRUT are essential to integrate green infrastructure and enhance urban ecological resilience".
The report stated that these government programmes are helping integrate environmental sustainability with urban development, supporting what it called a "U-shaped hypothesis."
According to this idea, early stages of urbanisation often lead to a loss in forest cover, but as urbanisation progresses, stronger environmental policies are put in place, leading to a recovery in greenery and better land-use planning. Once the urbanisation rate crosses 40 per cent, the effect on forest cover actually turns positive, the report said.
These changes help build better institutional capacity that balances urban expansion with environmental conservation.
The report stressed that to ensure long-term social and economic stability, India must continue its push for urbanisation while embedding sustainability in the process.
It said "India must therefore accelerate urbanization while embedding sustainability at its core".
The report also pointed out the need to support India's green energy transition. This includes investments in green hydrogen, biofuels, solar parks, wind farms, renewable infrastructure, and biogas plants.
These developments will attract private investments, help create climate-resilient cities, and position India as a leader in low-carbon development.In addition, the report highlighted the potential of green bonds in financing sustainable projects. However, it added that these should be supported by stronger environmental regulations, stricter anti-deforestation laws, and more public awareness to be truly effective.
In conclusion, the report recommends that urban growth must go hand-in-hand with sustainability to ensure a greener, more resilient future for Indian cities.
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