Cities are home to half of the world’s population and produce 75% of global GDP, as such municipal governments are central to building a climate resilient economy. During the COP21 climate conference last year, 400 mayors convened to discuss challenges and solutions for urban centres. It was one of the largest climate meetings for local level officials of all time.
A new alliance between the global cities network C40 and the global environmental disclosure organisations CDP, has been established to uncover investment opportunities in urban infrastructure amounting to an estimated 375 billion dollars. The announcement, by C40 Executive Director, Mark Watts came at London’s City Hall during the C40 Financing Sustainable Cities Forum hosted in conjunction with the Greater London Authority.