In a World Bank report, Navigant investigates new ways to help cities mobilize climate finance
A new World Bank report, prepared under the Innovation Series of the Carbon Partnership Facility, discusses how new crediting approaches can help cities mobilize financing for climate change mitigation. Navigant informed the report with its expertise in carbon pricing, climate finance, and low-carbon cities.
The report analyzes real-life examples from Brazil, the Czech Republic, Thailand, and Morocco and suggests possible approaches both under carbon market mechanisms and as a modality to disburse results-based climate finance.
Aligned with broader urban policies, such innovative crediting approaches can complement other financing instruments that shape urban development and influence behavior of service providers, investors, and consumers towards low emissions actions.
Since the urban sector accounts for a considerable share of the world’s greenhouse gas emissions, reducing cities’ carbon footprint will become an important factor in meeting the climate change goals of the Paris Agreement.