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Lisbon’s City Finance Lab-backed green participatory budget awarded €5 million for next cycle

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Lisbon City Council’s first-ever ‘green’ participatory budget, an initiative supported and managed by South Pole and EIT Climate-KIC’s City Finance Lab, has been allocated €5 million to support climate change mitigation and adaptation projects selected by local citizens.

 

The Mayor of Lisbon made the announcement in May during the ceremony for the winning citizen-selected projects. The Mayor of Lisbon made the announcement in May during the ceremony for the winning citizen-selected projects.

 

Part of Lisbon City’s participatory budget, i.e. one in which citizens also decide how to allocate funds, the ‘green’ label sets aside funds for projects with positive climate change mitigation and adaptation impacts, such as cycle lanes, tree planting to support heat reduction, or water capture and storage (...)

 

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