Tag: Finance

As part of the Financing Sustainable Cities Initiative (FSCI), a partnership between WRI Ross Center for Sustainable Cities and C40, funded by the Citi Foundation, C40 hosted its first Clean Energy Finance Academy from March 7-9, 2018 in Vancouver. The Academy brought together nine city representatives and technical experts to discuss innovative financial mechanisms and business models for implementing solar PV projects. The Academy helped launch a series of new peer-to-peer and technical expert collaborations to increase solar PV adoption in C40 Cities.

As part of its ongoing development, the C40 Cities Finance Facility (CFF) has recently launched its own website, which will allow city officials and other stakeholders to learn about the CFF’s activities, explore key resources about cities and climate change, and apply for support.

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).

Today, the C40 Financing Sustainable Cities Forum is being hosted in London by the C40 Cities Climate Leadership Group and the Greater London Authority, with the support of the Citi Foundation and WRI Ross Center for Sustainable Cities.          

To get a better sense of the investment potential in C40 cities, C40 and CDP have partnered together to produce an analysis of sustainable infrastructure projects currently in development across the C40 network. The report is accompanied by a beta pipeline that highlights planned projects in C40 cities.