New perspectives on climate finance for cities
New report helps cities find the money they need for climate change projects. Siemens, Citi and C40 have launched a new report that highlights innovative ways in which cities can seek financing for climate-friendly infrastructure projects. Cities across the world will need to invest some US$57 trillion in infrastructure from now till 2030 to cater to their growing populations and maintain economic growth. Faced with increasing climate change challenges, it is ever more important for these cities to be investing into sustainable, climate-resilient projects, said a new report launched by technology giant Siemens, banking firm Citi and non-profit C40. Titled “New Perspectives on Climate Finance for Cities”, the document outlines ways in which cities can tap into financial markets to fund climate change projects. It also highlights successful case studies from around the globe.