Report

Low Carbon Cities : Exploring New Crediting Approaches to Deliver Carbon and Climate Finance

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collection.link.13
https://openknowledge.worldbank.org/handle/10986/2114
collection.name.13
Other Environmental Study
dc.contributor.author
World Bank Group
dc.date.accessioned
2018-10-24T19:46:36Z
dc.date.available
2018-10-24T19:46:36Z
dc.date.issued
2018-09-27
dc.date.lastModified
2021-05-25T09:19:03Z
dc.description.abstract
By 2050, two-thirds of the planet’s population will live in urban centers, and nearly 90 percentof the 2.5 billion new urban dwellers will live in Africa and Asia. The world’s urban areas wereresponsible for around 70 percent of greenhouse gas (GHG) emissions in 2013, and that numbercould grow by 50 percent by 2050 if current trends continue. In 2015, world leaders committed to limiting the global temperature increase to well below 2 degrees Centigrade and to pursuing efforts to reach a 1.5 degrees Centigrade limit in the context of the Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC). The Paris Agreement invitescities to scale up climate action, and over two-thirds of participating countries’ Nationally Determined Contributions (NDCs) mention urban action. More than 70 percent of the global low emissions and climate-resilient infrastructure will be built in urban areas, at an estimated cost of 4.5 to 5.4 trillion USD per year. As highlighted by the Cities Climate Finance Leadership Alliance (CCFLA), scarce climate finance resources must be used strategically to both increase the amount of funding available and as part of a process of enabling and levering existing and new financing to flow from a broad range of sources, most importantly from the private sector. It is essential for cities to diversify and blend their sources of finance and tap the full spectrum of resources available to raise funds for climate action. However, successful funding for climate action—notably in developing countries—needs to overcome barriers such as the lack of creditworthiness of subnational governments, insufficient access to capital markets and international mechanisms, and lack of financial and technical skills and human resources.
en
dc.identifier
http://documents.worldbank.org/curated/en/269631538069214396/Low-Carbon-Cities-Exploring-New-Crediting-Approaches-to-Deliver-Carbon-and-Climate-Finance
dc.identifier.uri
http://hdl.handle.net/10986/30611
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
PARTNERSHIP FOR MARKET READINESS
dc.subject
CARBON POLICY
dc.subject
CLIMATE CHANGE
dc.subject
CLIMATE IMPACT
dc.subject
CLIMATE CHANGE MITIGATION
dc.subject
CARBON TAX
dc.subject
URBAN DEVELOPMENT
dc.subject
PARIS AGREEMENT
dc.subject
CARBON PARTNERSHIP FACILITY
dc.title
Low Carbon Cities
en
dc.title.subtitle
Exploring New Crediting Approaches to Deliver Carbon and Climate Finance
en
dc.type
Report
en
okr.crossref.title
Low Carbon Cities
okr.date.disclosure
2018-09-27
okr.doctype
Economic & Sector Work :: Other Environmental Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/269631538069214396/Low-Carbon-Cities-Exploring-New-Crediting-Approaches-to-Deliver-Carbon-and-Climate-Finance
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/30611
okr.identifier.externaldocumentum
090224b086307882_1_0
okr.identifier.internaldocumentum
30454777
okr.identifier.report
130258
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/269631538069214396/pdf/130258-WP-LowCarbonCities-PUBLIC.pdf
en
okr.region.country
Brazil
okr.region.country
Czech Republic
okr.region.country
Morocco
okr.region.country
Thailand
okr.topic
Environment :: Carbon Policy and Trading
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
okr.topic
Environment :: Environment and Energy Efficiency
okr.topic
Urban Development :: National Urban Development Policies & Strategies
okr.topic
Urban Development :: Urban Economic Development
okr.topic
Urban Development :: Urban Environment
okr.unit
GCC - Research and Advisory Unit (GCCRA)

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