4 ways to finance climate-friendly urban development

If climate-friendly development is possible, cities must play a big role. They account for over half of the world’s population and more than two-thirds of economic activity, energy use and energy-related greenhouse gas emissions. Urbanization shows no signs of abating.

Yet local officials often lack the capacity, tools, or even the legal authority to attract funding for climate-friendly projects.

A report by the Cities Climate Finance Leadership Alliance, released during the Paris climate change conference outlined several challenges and recommendations. Urbanists added others. The consensus boils down to four outstanding issues, all of which present opportunities for donors and implementers working on urban development.

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