Cities are hubs of economic growth and innovation, rising emissions and significant climate change vulnerability. With the urban population expected to grow by an additional 3 billion people by 2050, innovative approaches are necessary to build climate compatible cities and overcome fossil-fuel based urban economies. While political will for transformative action is imperative, so are the financial means to develop and realise those new urban areas.

This publication presents a number of financing sources that are available for cities to match their needs in translating low carbon and climate resilient development plans into action. It provides insights on how local governments can raise funding locally and gives an overview of the international climate financing landscape that cities can access.

The role of cities in combating climate change is vital. By accessing the financial resources out there they can become pioneers of change, exemplifying transformative change.

Picture: Christian Haugen