In early December, mayors, city delegates and urban experts met in Mexico City for the sixth biennial C40 Mayors’ Summit. The summit emphasised the key role cities play in global low-carbon, resilient, and inclusive development. Providing our cities with adequate access to financing is one of the most pressing issues that need to be addressed.
Three weeks after the Habitat III conference in Quito, Ecuador, the 22nd Conference of the Parties (COP 22) to the UN Framework Convention on Climate Change (UNFCCC) is currently taking place in Marrakesh, Morocco. Sarah Schneider and Lisa Lebershausen look at the the international climate change conference through an urban lense.
By doubling their revenues through property taxation, nine Eastern Serbian municipalities are now able to finance projects vital to their communities.
C40 Cities Finance Facility (CFF) have announced their first pilot projects for low-carbon, resilient transportation in megacities. Bogotá and Mexiko City will be implementing new bicycle roads and electric bus services.
A colourful video overview how local governments in Ghana can increase their Internally Generated Funds and what benefits they provide.
“Those innovative instruments are now recognised as effective instruments to finance urban development”
Subnational Pooled Financing Mechanisms (SPFMs) are expected to play an increasingly strategic role in financing sustainable development. Jean-François Habeau, Executive Director of the international cities network FMDV, talks about the benefits and specific challenges of Subnational Pooled Financing Mechanisms for developing countries.
In order for cities to be able to fulfil their role as actors and spaces for sustainable development, they require solid financing. The growing need for investment in respect of infrastructure poses a great challenge for cities across the globe to find new ways for them to be able to increase their often scarce resources.
The projects that are financed in an urban environment depend on a variety of factors. With the portfolio approach cities can determine which projects benefit them most in terms of profits and social benefits and can choose them accordingly.
There is no shortage of ideas for sustainable development projects in Asia. However, often the financial resources provided for environmental and climate protection projects as well as waste water, energy or infrastructure projects is scarce. The Cities Development Initiative for ASIA (CDIA) supports Asian cities in finding investors and building their infrastructure. In an interview with Urbanet CDIA-Coordinator for GIZ Claudia Hermes explains how the CDIA works and what the idea behind it is.