New Delhi, Oct. 9 -- Surat now plans to make green financing a recurring part of its city governance, said Municipal Commissioner Shalini Agarwal in an interview with Mint.

Calling Surat's Rs.200-crore green bond-oversubscribed almost eight times-"a defining moment" for urban climate finance, Agarwal said the city has proved that municipal credibility can be built on transparency, measurable outcomes, and community engagement.

Indian cities that have issued municipal green bonds include Ghaziabad, Indore, Vadodara, Ahmedabad, and Pimpri-Chinchwad.

"This bond was not meant to be symbolic," she said. "Our focus is to integrate green finance into the way cities plan, fund, and monitor infrastructure. Sustainability should be a financial d...