Publisher:

Cities Climate Finance Leadership Alliance

Description:

The report makes five recommendations for mobilizing investment in low-emission, climate-resilient urban infrastructure. The report analyzes the obstacles that many cities face in obtaining the financing they need, including uncertainty over regulatory and tax policies, lack of expertise in project development, lack of control over infrastructure planning, high transaction costs and lack of proven funding models at the city and regional level.

Climate action in cities is crucial to addressing the global climate threat. Urban areas account for over 70% of energy-related CO2 emissions, and the world’s cities produce almost half (37-49%) of all global greenhouse gas emissions. Cities are also on the front lines of climate impacts and urgently need to build resilience. More than 80% of the overall annual global costs of adaption to climate change are estimated to be borne by urban areas, according to the World Bank.

The study was issued by the Cities Climate Finance Leadership Alliance, a coalition of over 40 banks, national governments and civil society organizations launched by Mr. Ban  at the Climate Summit he convened in September 2014.

Language:

English

Page count:

68

Source:

www.citiesclimatefinance.org/wp-content/uploads/2015/12/CCFLA-State-of-City-Climate-Finance-2015.pdf

Copyright:

Cities Climate Finance Leadership Alliance