Climate finance in the urban context
Issues brief #4:
This paper addresses the incremental cost to climate-resilient development for which cities are seeking additional financing as potential climatic changes pose additional challenges in building infrastructure that can withstand extreme variations in weather conditions, such as flooding, wind storms, heat waves, and heavy snowfall. It links the work toward the Millennium Development Goals with the related urban infrastructure that should be screened for the potential impacts and increased costs associated with a changing climate; and looks at potential financing opportunities and costs of mitigation and adaptation in the urban context. It describes wide-ranging potential sources for finance for climate action, and makes suggestions for more effective responses to climate investment challenges in cities.