Tag: Sustainable Infrastructure Finance

As part of the Financing Sustainable Cities Initiative (FSCI), a partnership between WRI Ross Center for Sustainable Cities and C40, funded by the Citi Foundation, C40 hosted its first Clean Energy Finance Academy from March 7-9, 2018 in Vancouver. The Academy brought together nine city representatives and technical experts to discuss innovative financial mechanisms and business models for implementing solar PV projects. The Academy helped launch a series of new peer-to-peer and technical expert collaborations to increase solar PV adoption in C40 Cities.

As part of its ongoing development, the C40 Cities Finance Facility (CFF) has recently launched its own website, which will allow city officials and other stakeholders to learn about the CFF’s activities, explore key resources about cities and climate change, and apply for support.

Today, the C40 Financing Sustainable Cities Forum is being hosted in London by the C40 Cities Climate Leadership Group and the Greater London Authority, with the support of the Citi Foundation and WRI Ross Center for Sustainable Cities.          

To get a better sense of the investment potential in C40 cities, C40 and CDP have partnered together to produce an analysis of sustainable infrastructure projects currently in development across the C40 network. The report is accompanied by a beta pipeline that highlights planned projects in C40 cities.  

According to a 2012 report by The Rockefeller Foundation and Deutsche Bank Climate Change Advisors, there is a $72 billion investment opportunity in commercial energy efficiency retrofits globally that could yield 848 trillion BTUs in energy savings and reduce greenhouse gas (GHG) emissions by 175 million metric tons per year, which is approximately equivalent to the annual GHG emissions from 46 coal-fired power plants. In cities like New York, energy and GHG savings lie in the multi-family housing segment, where 67 percent of the buildings required by law to measure and report their energy usage, are multi-family buildings. That is why C40’s Sustainable Infrastructure Finance Network, brought together policy and technical energy efficiency finance experts from New York City, Boston and Washington, D.C. to share best practices and lessons learned in financing multi-family retrofits. 

Transport for Cape Town, the City of Cape Town’s transport authority, recently hosted the first ever C40 workshop focusing on the challenges South African member cities face in financing and delivering sustainable and inclusive transit-oriented development (TOD).