The C40 Blog serves as the paper of record for C40 and provides a
platform for sharing important, diverse perspectives on current
issues from C40 Mayors, field staff, partners and international
The month of May has seen a lot of activity in the global climate field, including key announcements and a clearer sense of the Fijian Presidency’s priorities for COP23, which will be held in Bonn, Germany in November 2017.
Cities are at the forefront of experiencing a host of climate impacts, including coastal and inland flooding, heat waves, droughts, and wildfires. As a result, there is a widespread need for municipal agencies to understand and mitigate climate risks to urban infrastructure and services – and the communities they serve – according to a new report released by C40 and a group of leading cities.
Local governments encounter diverse obstacles to financing climate actions, because we typically depend on national resources. In this context, cities have to innovate and find solutions to finance our climate action programs. Mexico City is committed to this effort, and in December 2016, we became the first city in Latin America to issue a Green Bond for $1 billion pesos (US $50 million).