Cities are centers of economic growth and innovation: the cities of the C40 Cities Climate Leadership Group alone account for more than 21 percent of global GDP. By measuring broader environmental, health and social impacts of climate action, cities can establish the economic rationale to undertake green policies, drive growth and make a significant impact in reducing global greenhouse gas emissions and climate risks. Supporting sustainable growth and spurring innovation in the technologies that will make this type of growth a reality are a crucial part of the C40 Green Growth Network. This Network focuses on:
- Socioeconomic impact: Finding common methods of measuring and understanding the broader socioeconomic impact of sustainable city policies and solutions.
- Green Clusters: Exploring Green Enterprise Districts or Green Cluster Initiatives as a test bed for innovation and green investment.
- Sharing best practice, challenges and solutions: Cities have begun to address these issues in partnership and collaboration and the network will foster active exchange and collaboration.
The Green Growth Network was launched during the OECD Mayors and Ministers Roundtable held in Chicago in March 2012, and is chaired by the City of Copenhagen.
"Participating in the C40 Green Growth Network is bringing tangible benefits to New York City. During the 2012 and 2013 Green Growth workshops in Copenhagen, meetings with other C40 cities and private sector stakeholders helped us develop and refine plans for the Urban Future Lab, New York City's flagship cleantech facility. This September, we are opening the Danish Cleantech Hub within the Urban Future Lab, a partnership with the Confederation of Danish Industry – a connection made as a result of the Green Growth Network and workshop. By bringing international opportunities and Danish cleantech solutions to New York City, this collaboration will help us solve our climate challenges faster and smarter, and will help US companies tap into Danish knowledge and solutions. This international dialogue, and indeed the partnership itself, would not have happened without the connections C40 helped make possible."David Gilford, Vice President, New York City Economic Development Corporation