As world leaders, climate experts, businesses, and NGOs prepare to gather in Belém, Brazil, for the United Nations’ yearly climate conference, cities have been working to ensure that climate finance makes its way to the municipal level.
In particular, they’ve been pushing for cities to feature in one of the key documents that will set the stage for the conference: the Baku to Belém Roadmap, which is expected to be published on Monday.
It looks like city leaders’ hard work has paid off: Experts told Devex that the roadmap will feature a section on cities, outlining the need for public investment to encourage private investment. It will also call for more direct access to climate funds for cities and request that MDBs help reshape the finance architecture to better integrate cities and subnational bodies.