Financing the Sustainable Cities of the Future: What will it take to get there?

Trillions of dollars will be required in this decade to support cities build the low-emissions, resilient infrastructure necessary to mitigate climate change. However, cities face major capacity constraints in preparing and financing climate change mitigation and adaptation projects. Even before the COVID-19 pandemic, subnational governments struggled to access climate finance to promote the needed green transition at the local level. Over the past two years, as the pandemic has spread across the world, we have seen cities’ fiscal health and capacity being even further tested.

At this event, the Cities Climate Finance Leadership Alliance, C40 Cities Finance Facility, GIZ, ICLEI – Local Governments for Sustainability, and the World Climate Foundation will showcase innovative solutions on how to best leverage public and private finance to unlock the trillions of financing needed over the next decade for low-carbon, climate-resilient infrastructure in cities. This event will bring together the main market players in city-level climate finance to:

  • Examine the major challenges cities face when seeking to finance climate mitigation and adaptation activities, and what has changed in the context of COVID-19
  • Discuss how to involve all relevant actors, raise ambition, and close the financing gap between the supply and demand sides of climate finance for cities
  • Analyze how national governments and the climate negotiations influence the increase of city level climate finance

Confirmed speakers include:

  • Councillor Richard Bell, City of Glasgow, UK
  • Barbara Buchner, Global Managing Director of Climate Policy Initiative (Alliance Secretariat)
  • Heike Henn, Director, BMZ
  • Maryke van Staden, ICLEI, Director of Business Development and Low Emission Pathway