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.
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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.
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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
Publication
CCFLA: 2022 Highlights and Impact
CCFLA 2022 Highlights and Impact Report outlines the progress and key milestones achieved in 2022, and highlights members’ knowledge products and case studies.
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Landscape of Climate Finance in Nigeria
This report, part of the State of Climate Finance in Africa series, provides a deep dive analysis of tracked climate finance in Nigeria in 2019/2020.
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Green, Affordable Housing Finance
Green Affordable Housing Finance deploys construction and mortgage loan guarantees alongside targeted enabling interventions to foster a locally driven and self-sustaining affordable housing finance ecosystem.
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Climate Insurance-Linked Resilient Infrastructure Financing (CILRIF)
A novel offering of long-term municipal climate insurance, with known premiums dependent on municipal resiliency measures and a unique linked financial product to access capital for climate resilience.
Publication
The Green Guarantee Company (GGC)
The first specialist guarantor for emerging market climate adaptation and mitigation projects, unlocking access to global investors by de-risking green bonds and loans.
Blog
Futureproofing India’s Public Sector Enterprises (Part 1)
Public sector enterprises not only play a vital role in the electricity sector, but also contribute significantly to India’s economy and the social fabric of the country by employing over 15 lakh individuals. Given their vast interests in the coal value chain, they would need to become key change-makers, to not just help achieve India’s decarbonization commitments but to also ensure a just transition for all stakeholders.
Publication
Financing Net Zero Carbon Buildings
This paper is the output of an exercise that aims to build the foundation for future work by the Cities Climate Finance Leadership Alliance (the Alliance) through a structured approach to analyze the challenges and priorities relevant to cities in decarbonizing the buildings sector.
Publication
Financial Aggregation for Cities
Investment in urban climate projects is urgently needed worldwide. Cities hold most of the global population and economic activity and contribute approximately three-quarters of the global greenhouse gas (GHG) emissions, underlining the urgent need for projects to reduce emissions in urban areas and increase climate resilience
