Competition for the five most innovative financing solutions for climate action in cities will run until the end of October.
The City Finance Lab (CFL), a joint venture between EIT Climate-KIC and South Pole, opens its second call for ideas for cutting edge climate finance solutions for cities today. With hundreds of cities and local governments across the world declaring climate emergencies, the need for innovative climate finance solutions has become ever more pressing.
Cities play a key role in reducing global carbon emissions, all while being highly vulnerable to climate risks. Increasing global urbanisation trends add additional pressure as nearly 70% of the world’s population is expected to live in urban centres by 2050. With a mere 15% of climate finance reaching cities through traditional (...)