The enabling conditions for mobilizing urban climate finance

The 2021 State of Cities Climate Finance Report examines the current state of urban climate investment, the barriers to reaching the needed investment levels, and the steps to overcoming these challenges. Produced by the Cities Climate Finance Leadership Alliance (the Alliance), the report contributes to the Alliance’s mission to mobilize city￾level climate finance at scale by 2030. The report also contributes to the Leadership for Urban Climate Investment framework initiative hosted by the Alliance, which aims
to create a strong global architecture for subnational climate finance and tracking. The report delivers its findings in two parts:

• The Landscape of Urban Climate Finance (Part 1). Authored by the Cities Climate Finance Leadership Alliance Secretariat (Climate Policy Initiative) in partnership with the Atlantic Council’s Adrienne Arsht-Rockefeller Foundation Resilience Center, Part 1 presents the most comprehensive estimate of global urban climate finance.
• The Enabling Conditions for Urban Climate Finance (Part 2). Authored by the World Bank, Part 2 analyzes enabling frameworks and presents solutions for mobilizing climate finance for low-carbon, climate-resilient urban development pathways.

Part 2 of the report is the first attempt to provide a common level of understanding of the terminologies, knowledge, and themes used by climate policy and climate finance practitioners, city-level urban planners, and municipal finance officials. It is intended to act as a resource for climate change stakeholders who are interested in, but less familiar with municipal finance in developing country contexts and those municipal finance stakeholders who are less familiar with global climate finance and how this can be mobilized in urban areas.
Climate change affects rich and poor regions alike, but cities start from widely different starting points when it comes to mobilizing climate finance. Part 2 takes the perspective of city and local governments and underlines the great diversity and variation of cities worldwide in managing urban growth and planning, financing, and infrastructure services. It develops a global conceptual framework for exploring the inter-layered interactions between city government roles and enabling conditions, according to
country, city and climate specific elements. Part 2 also shows how cities with different governance, administrative, institutional, and fiscal circumstances can create an enabling environment for prioritizing interventions for improved management of urbanization, capital investment planning, and finance sources for climate-smart investments. The concluding section proposes general recommendations for strengthening the enabling environment for urban climate finance.

source :

https://openknowledge.worldbank.org/entities/publication/eeb600b9-f7cf-5b54-a944-6b0afbb86065