Tag: Finance

Global leaders in city finance met in Rio de Janeiro on 5 April 2016 for the first-of-its-kind global forum to accelerate the financing of climate action in cities. The C40 Financing Sustainable Cities Forum brought together over 130 representatives from government, non-government organisations and financial institutions to collaborate on solutions to bridge the gap between city climate ambitions and the investment community.
 

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.

The City of Portland, Oregon is aiming to use green bonds as a financing tool to deliver the city’s sustainability goals. Green bonds can underwrite the infrastructure needed to reduce carbon emissions and become more resilient to the effects of climate change.

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.