C40 announced today a new Clinton Global Initiative (CGI) Commitment to Action that will provide cities with the tools they need to prioritize climate adaptation measures and build more sustainable futures for their residents. The new C40 Risk Assessment Framework will enable cities to assess local climate risks with confidence, and then prioritize, invest in and execute on mitigating those risks.
At the CGI Mid-Year Meeting today, President Bill Clinton, C40 Chair Mayor Michael R. Bloomberg, Secretary Hillary Clinton, Chelsea Clinton, and Rio de Janeiro Mayor Eduardo Paes participated in a roundtable discussion with C40 Mayors and business and technology leaders, which explored opportunities for investing in climate change adaptation, building resilient urban infrastructure, and mitigating climate risk.
“In the wake of Hurricane Sandy and the recent floods in Jakarta and Sao Paulo, it is clear we need to empower cities to take the necessary actions to protect their citizens, infrastructure and economies from the devastating impacts of natural disasters,” said Mayor Bloomberg.
“While a growing number of cities have efforts underway to measure climate risk, there is a high degree of uncertainty and variability in their methodologies and approaches. The C40 Risk Assessment Framework, by creating a common approach to this challenge, will become the global standard by which all cities measure and manage climate risk."
Drawing on C40’s successful efforts to develop a common global standard for measuring community-scale greenhouse gas emissions (GPC), this framework will enable cities to invest in the implementation of the most needed climate change actions over time.
The newly established Climate Risk Assessment Network will oversee the Framework, bringing together cities with business experts to implement climate strategies. Their first meeting will be held in Rotterdam on June 5-6, 2013.
For the full release about the Framework, click here.