Sustainable Cities
As the world increasingly urbanizes, cities must be at the forefront of global efforts to reduce greenhouse gas emissions and climate change risks. Cities not only account for 70% of global CO2 emissions from energy use, they are also at the forefront of climate change vulnerability, with a majority already experiencing harmful impacts to their citizens and infrastructure as a result of extreme weather events. To address this, trillions of dollars in finance for climate action in cities is needed – highlighting a significant investment gap in urban climate solutions.
CPI is Secretariat for the Cities Climate Finance Leadership Alliance (CCFLA), the only multi- level and multi-stakeholder coalition aimed at closing the investment gap for urban subnational climate projects and infrastructure worldwide. CCFLA provides a platform to convene and exchange knowledge among all relevant actors dedicated to urban climate action. It also publishes research encompassing key topics including the state of cities climate finance, scaling finance for zero carbon buildings, and urban adaptation finance.
Featured work
Publication
The State of Cities Climate Finance
The 2021 State of Cities Climate Finance Report examines the state of urban climate investment, the barriers to reaching the needed investment levels, and the steps to overcoming these challenges.
Publication
Policy Brief: How to Increase Financing for Urban Climate Adaptation and Resilience
This policy brief presents key actions for national policymakers around the world to increase the amount of available finance for cities to respond to climate risks.
Publication
Increasing Subnational Pension Funds’ Climate Investments
This report explores the ways in which pension funds represents a key source of capital for urban climate action.
Latest work
Blog
Blog | Can Cities Bank on a Greener Future? Insights from London Climate Action Week 2024
In June, CCFLA actively participated in several events during LCAW. This year’s forum brought together a diverse group of individuals, organizations, and communities to engage in critical discussions on global climate action, with a particular focus on accelerating climate finance and mobilizing all sectors of society to address the climate crisis. After careful reflection, the CCFLA team is excited to share our key insights and takeaways on the prominent themes that emerged, particularly concerning cities and climate finance.
Blog
One year of the Project Preparation Facility Connector
Since launching in June 2023, the PPF Connector program has laid the foundation for enhanced collaboration through matchmaking and relationship building by facilitating bilateral meetings, presentations, and matchmaking sessions.
Publication
CCFLA: 2023 Impact Report
Learn about CCFLA’s 2023 impact in closing the investment gap for urban subnational climate projects and infrastructure worldwide.
Publication
Financing Green Buildings in Indonesian Cities
This report is the third of a three-part series by CCFLA to promote a better understanding of the financing barriers and solutions for implementing net zero carbon buildings. It assesses the current use of financial instruments that can promote the development of Indonesia’s green buildings sector. It also explores how national and subnational regulatory frameworks can address the identified barriers to private and public investment.
Blog
Blog: Urban climate finance is a low-hanging fruit of MDB reform
Cities are not receiving the finance they need to adapt to the effects of climate change. Multilateral development banks, by leveraging their balance sheets and technical expertise, can be a cornerstone in attracting the financing needed for cities in low- and middle-income countries to realize their climate action plans.
Publication
Net Zero Carbon Buildings in Cities: Interdependencies between Policy and Finance
This report offers initial findings on the general challenges and mechanisms behind the transition towards a net zero carbon buildings sector, helping shed light on concrete pathways cities can implement to decarbonize the building sector.
Blog
COP28 Recap: CCFLA’s Impactful Engagement in Advancing Urban Climate Finance
As COP28 closes with a groundbreaking commitment to transition away from fossil fuels making headlines across the media landscape, the CCFLA team has taken time to reflect on the progress made during this year’s conference in driving our mission forward—to accelerate urban climate finance.
