The battle against climate change is also waged at local level. The actions undertaken by regions and cities have a major impact for achieving the common objectives set down in the Paris Climate Agreement. Only mobilization by all parties can make a difference!
- In line with the EU Agenda, “Global Urbis” provides cities with financing and technical assistance solutions to mobilize private and sub-national investment, including in some riskier sectors.
- Global Urbis is based on innovative partnerships between the EU, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Global Covenant of Mayors (GCoM)
- GCoM announced collaboration with the World Bank Group City Resilience Programme
- In the context of the European Investment Plan (EIP), the EU launched the "Sustainable Cities" and "Energy Efficiency" Windows, with a guarantee up to €100M.
- EIB and GCoM launched the Global Climate City Challenge to pilot the provision of advisory services for cities’ climate action investments.
- German Ministry for the Environment planning to step up funding for the Felicity program, implemented with EIB.
- WBG City Resilience Program engaged with 55 cities, and aims to engage in 45 more cities to advance resilience in 2019.
- Invest4Cities call to help mobilize TA and risk-sharing capital.
- Advance Invest4Cties parnterships to mobilize resources for :
- supporting pre-investment technical assistance to deliver climate investments pipelines in cities, especially in ODA countries;
- driving down cities’ investment risk profile with Global Urbis and WBG partnerships, providing already $5Bn of MDBs financing;
- mobilizing private flows with co-financing, blending and pooled-finance mechanisms.
- Scale Pilot for EIB/GCOM Global Climate City Challenge
- Identify second tranche of cities for EBRD and WBG
- GCoM collaborating with Climate Policy Initiative for innovative climate finance mechanisms
- The Global Covenant of Mayors for Climate & Energy (GCOM), the C40 Cities Climate Leadership Group (C40), and ICLEI announced the One Planet Charter (OPC), a partnership for a major campaign to accelerate implementation of the Paris Agreement.
- The initiative encourages cities to make ambitious public commitments that can drive investment, green public procurement and policy decisions related to renewable energy, energy efficiency, electric vehicles, zero-emission buildings and zero waste.
- Website for the OPC created by GCOM to highlight commitments by cities to take action.
- Major campaign led by C40 to drive new commitments in zero emissions transport, buildings and waste;
- Participation of cities around the world in webinars and presentations
- Report on progress will be released by GCoM at GCAS
- Commitments captured under the OPC:
- 220 on urban mobility
- 443 on renewable energy
- 718 on low carbon buildings
- 90 on solid waste management
- 224 on resilience
- Tracking systems to measure progress towards implementation are being developed
- GCoM to continue to measure actions and further develop the website
- C40 to support cities in advancing implementation through its networks and technical assistance activities
- ICLEI to support these efforts through its Sustainable Procurement Program
- Partners to secure additional resources to support implementation on the ground