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Don't let bad climate rain on the economy
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Last year, India witnessed a series of extreme weather events, the last one being in Tamil Nadu in December. Chennai and some other districts saw intense flooding after Cyclone Michaung hit on December 4.
While there was above-normal rainfall, the city's development trajectory that deprioritises its legacy blue-green infrastructure is equally responsible for the large-scale destruction.
Shifting to low-carbon development pathways is critical. But it may not be enough.
There must be a laser focus on adaptation measures and adequate funding to build climate resilience into the system. RBI estimates adaptation costs to be about Rs 85.6 lakh crore (at 2011-12 prices) by 2030.
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