ALM UNDP

Summary:

Cities and the people who live in them account for more than 80 percent of the world’s total greenhouse gas emissions. In addition, more than 80 percent of the overall annual global costs of adaptation to climate change are estimated to be borne by urban areas. This Issues Brief looks at potential financing opportunities and costs of mitigation and adaptation in the urban context. Wide-ranging potential sources for finance for climate action are described, and suggestions are made for moreeffective responses to climate investment challenges in cities.