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!
investments under URBIS initiative and 5 technical assistance projects in Brazil and Mexico
projects in investment pipeline for €500M financed and developed by EBRD
resilience investment projects valued at $1bn supported by WBG
early stage projects in 232 cities identified by GCoM with estimated deal flow of $50bn
- 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
additional cities signed the Fossil Fuel Free Streets Declaration
cities committed to transition towards zero waste
cities committed to net zero carbon buildings declaration
- 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