What have we been up to?
From Bangkok to Bangalore,
Colombo to Cagayan de Oro,
All the news from around CDIA
Asian cities understand the need to build their resilience against climate change through sound infrastructure investments. But often, they lack the capacity to prepare for their city resilience strategy, particularly the need to strengthen their infrastructure investment elements. The understanding of the scope, rationale, and impact is difficult; while in some cases, city administration has insufficient knowledge of either what their city can afford, or the financing opportunities that are open to them.
With the goal of offering a project profiling instrument that will enhance bankability of proposed measures in city’s climate resilience strategy or action plans, CDIA developed the CDIA Project Screening Tool (PST) and made it available for free online through its www.cdia.asia website. The tool was developed through a grant from The Rockefeller Foundation, and with contributions on the content from partners in the region including cities, intermediaries and financiers.
The PST has four screens that reflect on, and support the city’s response to four critical questions:
Screen 1: Have climate change adaptation infrastructure investment projects been identified and prioritized?
Screen 2: Have climate change adaptation infrastructure investment projects been adequately profiled (most especially how much will these investments cost)?
Screen 3: Have potential sources of financing for infrastructure priorities been adequately screened and considered for suitability?
Screen 4: Have municipal finances been reviewed and the ability of municipal government to secure financing for climate resilient infrastructure investments assessed?
The PST may be accomplished by the city government with the involvement of relevant focal points. Other stakeholders such as research organizations, financiers, NGOs, etc. may further be invited to join where necessary.
“After inviting various cities to use the tool in three separate workshops in Bangladesh, Singapore and Philippines in 2016, we are optimistic that it can guide more Asian cities in taking a step forward to translate their climate action plans into actual projects,” said Joy Bailey, CDIA’s Environment and Resilience Specialist. “The demand for infrastructure tackling climate change is huge, but when provided with the right tools and coaching, Asian cities could develop their project proposals and attract potential financiers” she added.
The tool is self-explanatory and adaptable to local context. “We hope to not only make it more accessible to local governments, but also offer them an opportunity to complete the exercise incrementally at their own pace,” said Ms. Bailey.