Closing the Gap on City Climate Finance in Developing Countries

Okitasari, Mahesti, Liu, Wenjie, Kandpal, Richa and Morita, Kanako (2023). Closing the Gap on City Climate Finance in Developing Countries. UNU-IAS Policy Brief series. United Nations University Institute for the Advanced Study of Sustainability.

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  • Sub-type Policy brief
    Author Okitasari, Mahesti
    Liu, Wenjie
    Kandpal, Richa
    Morita, Kanako
    Title Closing the Gap on City Climate Finance in Developing Countries
    Series Title UNU-IAS Policy Brief series
    Volume/Issue No. 42
    Publication Date 2023-07
    Place of Publication Tokyo
    Publisher United Nations University Institute for the Advanced Study of Sustainability
    Pages IV, 4
    Language eng
    Abstract Addressing sustainable urban development issues and delivering the finance needed for climate mitigation and adaptation require closing the city finance gap. Structural changes and improved capacity for city climate finance in developing countries are necessary to overcome the prevalent barriers to accessing available financing. Well-designed and well-managed city climate finance is key for effective interventions to unlock investments and deliver implementation. This policy brief offers the following recommendations to local policymakers in developing economies to overcome critical obstacles to closing cities’ climate finance gaps: (i) prepare city-level climate finance plans and investment strategies; (ii) diversify financial approaches and build community-driven sustainability financing; (iii) improve internal capacity, information disclosure, and prudential regulations; (iv) develop bankable projects and provide incentives to strengthen private sector engagement.
    UNBIS Thesaurus PUBLIC FINANCE
    CITIES
    CLIMATE
    CAPACITY BUILDING
    Keyword City finances
    Climate action
    Copyright Holder United Nations University
    Copyright Year 2023
    Copyright type All rights reserved
    ISSN 24093017
    DOI https://doi.org/10.53326/JKBH0891
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    Created: Wed, 26 Jul 2023, 21:39:51 JST by Hanna Takemoto on behalf of UNU IAS