Barriers to action: Gaps in financing for a just transition, social protection, and loss and damage in cities – Summary for policymakers and urban practitioners

Sandholz, Simone, Mirwald, Magdalena, Abbas, Syed Muhammad Jaffar and Cleetus, Nivya (2024). Barriers to action: Gaps in financing for a just transition, social protection, and loss and damage in cities – Summary for policymakers and urban practitioners. C40 Cities Climate Leadership Group, Inc..

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  • Sub-type Policy brief
    Author Sandholz, Simone
    Mirwald, Magdalena
    Abbas, Syed Muhammad Jaffar
    Cleetus, Nivya
    Title Barriers to action: Gaps in financing for a just transition, social protection, and loss and damage in cities – Summary for policymakers and urban practitioners
    Publication Date 2024-10
    Place of Publication London
    Publisher C40 Cities Climate Leadership Group, Inc.
    Pages 2
    Language eng
    Abstract The climate crisis disproportionately affects those who have contributed the least to it and lack the means to respond effectively. To address this, cities, as key population centers and economic hubs, are pivotal in driving a just transition to a low-carbon, sustainable economy. However, cities face substantial barriers to accessing the necessary finance for these initiatives. This two-page summary, directed towards policymakers and urban practitioners, examines the key obstacles to funding a just transition in urban areas, based on an analysis of 63 funding sources. Despite the growing availability of funds for climate action and social protection, only a small fraction of these are accessible to cities. Structural challenges, such as the misalignment of national policies with just transition goals, limited project readiness, and a lack of tailored financial mechanisms for local governments, impede cities' ability to secure adequate resources. The summary offers actionable recommendations for improving cities' access to just transition finance. These include integrating social protection and climate goals into national and international strategies, enhancing local governments' capacities, and developing innovative, city-specific financial strategies.
    Keyword Climate finance
    Social protection
    Just transition
    Loss and damage
    Climate justice
    Copyright Holder C40 Cities Climate Leadership Group, Inc.
    Copyright Year 2024
    Copyright type Creative commons
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    Created: Wed, 16 Oct 2024, 00:36:24 JST by Aarti Basnyat on behalf of UNU EHS