More than half of the world’s population lives in urban areas, and 1.5 million people are added to cities every week, resulting in enormous pressure on infrastructure, services, jobs, climate, and the environment. Although significant strides have been made in making climate finance more available to local governments, accessibility of those funds remains limited. To develop robust and bankable projects, finance is needed at a very early stage, representing up to 12% of the total project cost.
This paper, produced by ICLEI, gives a brief overview of the different financial sources available to local governments and provides practical advice for fundraising and project pitching, using a case study from Brasília, which managed to raise over USD 450 million for climate-resilient projects in just one year.
Clean Energy & Buildings Finance Academy
Hosted in Cape Town, this UrbanShift workshop brought together eight cities to discuss the promotion and financing of small-scale clean energy generation on public and private buildings.
Buenos Aires Hosts UrbanShift's Second City Academy
The three-day workshop brought together 24 Latin American cities to learn about and exchange ideas on developing vibrant, sustainable neighborhoods and promoting urban biodiversity as strategies to create greener and more resilient cities.
UrbanShift Annual Report
UrbanShift's inaugural annual report serves as an inspiring portfolio of the program's first year in action as well as a handbook for our strategy to achieve sustainable, low-carbon growth in more than 23 cities across three continents.
Reflections from International Youth Day
UrbanShift's Youth Day webinar highlighted inspiring youth and city led sustainability initiatives from China, India, Indonesia and Sierra Leone, with speakers reiterating the importance of meaningfully engaging young people in climate action.