GPSC Global Online Series: Catalyzing Private Sector Investment in Climate-Smart Cities (Report)
"Despite the investment potential, cities face unique challenges in accessing finance to fill the climate-smart investment gap."
The GPSC Global Online Series. Building Back Better: Green, Healthy and Inclusive Cities explores... view more
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Overview: While achieving the goals of the Paris Climate Agreement rests on many factors, much depends on what happens in cities. Cities account for 55 percent of the world’s population and 80 percent of global gross domestic product (GDP).
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Challenge & Opportunity: Climate change is also a leading factor in the rapid urbanization in emerging markets and developing countries which has placed significant strain on long-term strategic and spatial urban planning.
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Climate-Smart Cities: Climate-smart cities aim to minimize environmental damage, reduce air pollution and GHG emissions, and maximize opportunities to enhance urban resilience, improving the natural environment and overall livability of the city.
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Barriers to Expand Climate-Smart Urban Investment: A major barrier to private investment in climate action is a limited supply of bankable projects of sufficient quality and size that offer fair risk allocation between public and private capital.
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Part 1 - Case Studies - Innovative Financing Solutions: Case studies of innovative financing solutions to circumvent the barriers discussed in the previous section and to mobilize private investment in cities in developing countries.
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Part 2 - Case Studies - City as a Borrower: Case studies that focus on climate investment with the city as the borrower and presents modalities to address obstacles that cities have encountered in mobilizing private finance.
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Conclusion: As the world’s population becomes increasingly urban, cities must invest in well-planned and well-coordinated physical infrastructure and natural capital solutions that enable them to reduce their emissions and increase their resilience to climate change and other shocks and stresses.
