Tag: Finance

Sharing good practice in city green funds is one areas of focus for C40’s Sustainable Infrastructure Finance Network.  Following webinars featuring the cities of Amsterdam, London and New York, the Network recently hosted Julia Langer, Chief Executive of Toronto Atmospheric Fund (TAF). Julia presented the Fund’s fascinating work of using a small endowment to create, demonstrate and de-risk new financial products and financing strategies in order to mobilize private capital for sustainable infrastructure, and help Toronto achieve its ambitious emission reduction targets.

Johannesburg recently issued its first green city bond, making it the first C40 city to tap into this innovative financing mechanism. Green city bonds raise funds from fixed income investors to support city government projects that mitigate climate change.

C40 President of the Board and 108^th Mayor of New York City Michael R. Bloomberg has been appointed chair of the Sustainability Accounting Standards Board (SASB), a not-for-profit entity that is developing sustainability accounting standards for publicly-listed U.S. corporations.

The City of Basel is looking forward to hosting the annual Global Infrastructure Basel Summit on 21-22 May 2014, and, as co-chair of the C40 Sustainable Infrastructure Finance Network, a dedicated meeting for C40 cities. Both the Summit and the C40 meeting will provide opportunities for cities to discuss concrete solutions for financing sustainable infrastructure.