Summary:
The report on the six specially chosen cities from across the world — Rajkot being one of them — was released on November 30. Rajkot: The global warming challenge will be an opportunity for investment in urban areas including Saurashtra’s financial hub Rajkot, according to International Finance Corporation (IFC), a member organization of the World Bank Group. IFC has claimed that by 2030 Rajkot will attract investment to the tune of $4 billion investment, of the total $2.5 trillion, which is the estimated potential for South Asia region. It is stated that Rajkot has committed to reduce it’s emission by 25% from 2012-13 levels by 2020. “Cities are the next frontier for climate investments, with trillions of dollars in untapped opportunities..