These cities have been selected across a range of sectors including mobility (Freetown, Lima, Rio de Janeiro), buildings and energy (Bogotá, Cape Town, Dakar, Jakarta, Kuala Lumpur, Mumbai), adaptation and nature-based solutions to global heating (Cape Town, Drakenstein, Kuala Lumpur, Medellín, Salvador) and waste management (Accra). With generous funding from the UK, German and French governments, CFF is today announcing the next group of 13 cities and 15 projects – all in the Global South – that will benefit from this fund. Cities such as Bogota, Curitiba, Durban, Guadalajara, Jakarta, Mexico City, Quezon City and Rio de Janeiro have already benefitted. These projects are expected to access more than $650 million of finance, contributing to reducing approximately 2.5 million tons of greenhouse gas emissions. The C40 Cities Finance Facility ( CFF) has so far supported 20 projects in 17 cities, including five non-C40 cities. These include:Īcross the Global South, C40 is working with the German Agency for International Cooperation (GIZ) and other partners on 34 projects expected to leverage over $1 billion of funding by the time they are implemented. Together with partners, C40 announced several new investments and partnerships today. C40 has led a series of successful cross-sectoral collaborations to allocate investment into urban climate action projects, particularly in the Global South – a priority for C40 Chair Mayor Sadiq Khan, who has already delivered on his pledge to spend two thirds of C40’s budget to support climate action and green recovery efforts in Global South cities. New partnership with International Finance Corp (IFC) is expected to build a pipeline of urban climate action projects of over $500 million in Latin AmericaĪs the C40 World Mayors Summit draws to a close and global leaders are getting ready for the 27th United Nations Climate Change conference (COP27), C40 have announced unprecedented investment for climate projects for its cities in the Global South.Ĭ40 mayors are committed to halving emissions by 2030 and are doing so by bringing forward a pipeline of projects to implement their climate action plans.
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