Finding the Finance: Climate Compatible Development in Asian Cities
The team will assess the climate finance needs and gaps for climate compatible development in second-tier cities across three countries; India, Indonesia and The Philippines. The project will explore how current opportunities can be harnessed to meet the climate finance needs.
The project will develop recommendations for how funding from the Green Climate Fund (GCF) and other sources can be more accessible to cities, for example through the creation of Urban Implementing Entities, and how funding can be used in order to incentivise the deployment of national or sub-national resources such as revenues from fees, local taxes or municipal bonds for urban climate compatible development projects.
- The research team anticipates that the project will lead to more targeted thinking by urban decision-makers around accessing financial resources for urban climate compatible development.
- The researchers will make recommendations for increased institutional effectiveness to attract sustainable urban development funding from the GCF and other sources. The inclusion of national decision-makers and other relevant stakeholders in the enquiry will aim to encourage discussions at the national level on cities’ access to funding. A set of recommendations will be translated into Indonesian to ensure that the outcomes will be accessible there.
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