India’s cities will require an estimated $2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal corporations have mobilised only a fraction of the required capital, news ageny ANI reported on Tuesday quoting a joint report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and EY. The report noted that only 20 municipal corporations have tapped capital markets so far, collectively raising around $476 million, underscoring the widening financing gap in the country’s urban development agenda.