Mumbai has declared plans to zero out carbon emissions by 2050, The Economic Times reports.
The city has proposed extensive changes to its management of air, water, waste, green spaces and transport for the total population of 19 million people.
Reportedly, effects of climate change are expected to cost the country close to $35 trillion in the next 50 years if necessary interventions are not made in time.
Mumbai’s plans are divided across six different domains. It includes prospective investments in creating more walk-able roads, electrification of public transport, rooftop solar capacities and other similar facilities.
“We don’t have the luxury of time,” state environment minister Aaditya Thackeray was quoted in a report by Bloomberg.
Thackeray added, “The policies are actually opening the doors for such investments to come in.”
The city has set a target of purchasing 2100 electric buses by 2023 for a total cost of $1.7 billion.
There are also plans to switch the peak 3400 MW electricity consumption to renewable power sources.
“There are policy changes today which will move forward with every government. Across India, there is a certain sense of urgency everyone feels,” the Chief Minister’s (CM) son told the ET.