Research shows that climate action can have a positive impact on the economic and social wellbeing of cities
Following the historic climate deal agreed upon at COP21 in Paris, C40 Cities Climate Leadership Group (C40) has today launched new research highlighting the wide range of economic and social benefits arising from city climate action. With cities setting the pace and scope of climate action until the COP21 agreement comes into force in 2020, the research is intended to help mayors and city leaders win the political argument for taking urgent and ambitious climate action
Today, New Climate Economy released new research showing that investing in smart cities has the potential to generate savings of US $17 trillion by 2050, while cutting greenhouse gas emissions by 3.7 Gt CO2e per year by 2030 – more than the current annual emissions of India.
Over the last few years, the market for municipal green bonds has been burgeoning in cities around the world, as a way for them to pay for infrastructure such as energy, water and transportation systems. Yet cities have had to independently navigate the often complex process of issuing green bonds…until now.
In Copenhagen, we aim to achieve carbon neutral status in 2025 – becoming the first major global city to do so. However, we want to link efforts to reduce the impact of global warming with economic growth and job creation. Our main focus has been on creating a clean, green city with high standards of living. We want a city where people can enjoy living and working without harming the planet – we strongly believe this vision is possible and even more so when cities work collaboratively with each other and the private sector.