Mumbai set to become Climate Finance Gateway: Devendra Fadnavis At Inaugural of MCW 2026

Mumbai hosted an inaugural event today, February 17, focusing on citizen engagement via collaborative approaches towards problem solving between multiple stakeholders. This new event, titled the Mumbai Climate Week 2026, is being organized by Project Mumbai in conjunction with the Maharashtra government and with significant support from Brihanmumbai Municipal Corporation (BMC) at the Jio World Convention Centre.

Over the next three days, this forum will bring together leaders from government agencies, international organizations, private-sector leaders, innovative thinkers, philanthropists, academics and young people who are interested in addressing climate issues to create innovative, inclusive and implementable solutions to climate change. Maharashtra Chief Minister Devendra Fadnavis and Federal Minister for New & Renewable Energy Pralhad Joshi attended the opening ceremony, as did many senior state officials and representatives from several partner organizations from around the globe. 

Maharashtra – Moving Climate from Commitment to Competitiveness In his keynote address to those in attendance, Fadnavis described the significance of this event as a critical milestone for India’s leadership role as it relates to climate change: Mumbai Climate Week represents an unprecedented important achievement — that is, India now possesses a first-of-its-kind forum to facilitate significant acceleration of climate actions on a worldwide basis through a focus on Mumbai, India and the entire Global South. 

Mumbai Climate Week 2026 — India’s first dedicated platform advancing climate action 

The Chief Minister underscored India’s clean energy momentum under the leadership of Prime Minister Narendra Modi, noting that India has crossed 260 GW of renewable energy capacity and recently added 55 GW in a single year — 75% of which came from renewable sources.

“We see climate action much beyond compliance — we see it as competitiveness. States that move early will attract capital, talent and innovation. Maharashtra intends to lead that movement.”

Mumbai as a Climate Finance Gateway

Emphasising Mumbai’s role as India’s financial capital, the Chief Minister called for scaling climate finance across emerging economies:

“If climate capital must flow at scale, Mumbai is ready to become a medium for that flow. Mumbai Climate Week must become more than a platform for dialogue — it must become a platform for delivery.”

He urged multilateral institutions, private finance, and philanthropy to collaborate through catalytic capital, blended finance, innovative risk-sharing frameworks, and patient capital for early-stage technologies.

The Mumbai Metropolitan Region Development Authority (MMRDA) further formalised several strategic Memoranda of Understanding (MoUs) with leading global institutions and investors. These partnerships reaffirmed Mumbai’s position as an emerging global metropolitan growth engine and represented structured, action-oriented collaborations focused on translating climate ambition into measurable outcomes.

The commemorative Customised My Stamp marking the Mumbai Climate Week was formally released by CM Fadnavis in the presence of senior dignitaries. The Chief Postmaster General, Maharashtra & Goa Circle, Amitabh Singh, joined the dignitaries on stage for the ceremony. As part of the release, albums containing the special stamp were distributed to all dignitaries, following which Singh presented the stamp to the Chief Minister for the formal unveiling.

The dignitaries collectively unveiled the album, marking the official release of the commemorative stamp, followed by a photo opportunity on stage. The event also featured the launch of the Mumbai Climate Week Theme Report, titled “Climate in the Global South: Advancing Innovation and Collective Action.” The report, developed in collaboration with Monitor Deloitte, highlights ground-up innovations from across the Global South and outlines how such efforts can be accelerated through targeted collaboration, enabling policy frameworks, and access to climate finance. The report was formally unveiled by Shubhranshu Patnaik, Partner and Leader, Sustainability and Climate, Deloitte South Asia, along with the dignitaries, amid a photo session.

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