How Cities Can Access Financing for the Green Recovery

With prudent financial management, long-range strategic planning, and savvy alliance-building locally and in the corridors of government, cities can better tap into public and private funds that increasingly are targeting green and sustainable outcomes. To help cities bankroll the green and just COVID-19 recovery, a new report serves as a guide to cities to set priorities and navigate the options for attracting financial resources. This article is also posted on the C40 Knowledge Hub here.   Cities’ shopping lists for the recovery are long. Financing challenges, exacerbated by the pandemic, have compromised most cities’ ability to pay for them. While [...]

2020-12-09T13:14:17-05:00December 9th, 2020|Cities, Greening Finance|

Why Cities Need the COVID-19 Stimulus to be Green – and How It’s Not Green Enough

The fiscal response to COVID-19 is estimated globally at US$12 to US$15 trillion committed, but cities may have trouble accessing it, and only 3%-5% of announced funding is identifiably ‘green’. As the global COVID-19 pandemic approaches the one-year mark and much of the world girds for a worsening wave of the virus during the northern hemisphere’s winter, the challenges of managing the economic and social wellbeing effects are as acute as ever. Among the most affected are city governments, which are on the front lines managing a health emergency, an employment crisis, and daunting logistics and tradeoffs to safely manage [...]

2020-12-09T09:22:26-05:00December 9th, 2020|Cities, Greening Finance|

Financing Climate-Resilient Community Infrastructure in the Age of Adaptation

Stakes are high for communities that have already started experiencing extreme rain, storm events, or wildfires. In the past three years, climate damage has cost the world $650 billion, two-thirds of which was covered by North America alone, and if trends continue, the damage could reach hundreds of billions of dollars just in the United States by 2090. But how well prepared are these communities for the age of adaptation? Frontline communities are acutely aware of the numerous ways climate change can impact local economies, jobs, and livelihoods, including in terms of business interruption, loss of income and economic activity, [...]

2020-02-20T13:14:16-05:00December 12th, 2019|Cities, Climate Risk|

To Address Rising Sea Levels and Depressed Home Values on the East Coast, Resilient Infrastructure Investment Is Needed

October 9, 2018 This weekend, Bloomberg published a stunning article on the imperiled state of Miami-Dade’s fresh water supply due to rising seas. This reportage threw into stark relief a welter of climate change-related threats to coastal communities and private real estate holdings, particularly on the Atlantic seaboard of the United States. Only clear-eyed management of physical climate risks can help mitigate the financial jeopardy facing homeowners, investors, and local governments. The case of Southeast Florida’s fresh water is particularly alarming because of the problem’s apparent intractability. Miami-Dade sits on the Biscayne Aquifer, which serves as a primary water source. [...]

2018-10-12T01:17:23-04:00October 9th, 2018|Cities, Climate Risk|

Cities Should Bank on Climate Resilience

By Andrew Eil & Stacy Swann This week, the Rockefeller Foundation’s 100 Resilient Cities (100 RC) program is convening nearly 500 urban resilience leaders from cities around the world, including 80 Chief Resilience Officers, in New York to discuss, share, and develop new resilience solutions for cities. In our last blog post, we discussed the concept of bankability: “Bankability” implies that lenders and investors believe the risk exposure of a project does not outweigh its return potential. Bankability as a concept is not only relevant to private developers in their quest to finance their projects, but also to cities trying [...]

2017-07-28T12:09:32-04:00July 28th, 2017|Cities, Climate Risk|
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