CDIA Endorses C40 Cities’ Call for Action on Municipal Infrastructure Finance
October 17, 2016
Cities are ready to play their part in delivering on the ambitions of the Paris Agreement; as well as the 2030 Agenda for Sustainable Development, and the New Urban Agenda. They understand the actions that are needed, and have ambitious plans for developing their cities in ways that are consistent with a low carbon future. Yet too often, cities are unable to access the finance needed to deliver on those ambitions.
To assist cities transition to a low-carbon, resilient and economically sustainable future for millions of urban citizens, CDIA recently endorsed the “C40 Cities Call for Action on Municipal Infrastructure Finance.” The Call for Action outlines what is required to help mayors deliver their ambitious climate action plans, thereby calling on support from national governments and international financing institutions to help create the enabling environment for cities to implement the plans they wish to take forward.
The Call for Action promotes the following key messages:
- Development banks must be reformed to respond to city needs.
- Cities must be granted direct access to international climate funds.
- The power to control finance must be devolved to cities
- National governments must create a stable policy and regulatory environment.
- Innovation, standardisation, pooling and pipelines must become the new normal.
- Cities must be supported to develop their capacity to prepare and execute projects.
The Call for Action will be presented in detail at the Habitat III Conference in Quito, Ecuador on 19 October 2016.
Click here to read the C40 Cities Call for Action on Municipal Infrastructure Finance.