CDIA Contributes to Discussions on Financing Urban Resilience
January 5, 2018
At the 3rd Resilient Cities Asia-Pacific (RCAP) Congress held 7-8 December 2016 in Ho Chi Minh City, Vietnam, the ICLEI Local Governments for Sustainability brought together national and local governments, bilateral and multilateral development agencies, experts and practitioners to ramp up discussions on the implementation of nationally determined contributions (NDC) within the context of building urban resilience.
As the recently concluded United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties (COP) 23 casts doubts on meeting the targets of the Paris Agreement without contributions from local governments particularly cities, the RCAP Congress provided the platform to take stock of opportunities for more ambitious climate change adaptation and mitigation actions, and mechanisms for financing their implementation.
In the plenary session on financing urban resilience, CDIA, represented by its Environmental and Resilience Specialist Susan Rachel Jose, advocated that the planning and investment decisions of cities will shape their climate change and resilience agenda. “Cities need to be aware of their development needs and capacities for implementing resilience actions, translating these into projects, and establishing the business case to attract financing, including climate and green financing,” said Ms. Jose.
In a parallel session, CDIA provided advice to the cities of Jambi, Indonesia and Coimbatore, India to make their projects attractive to financing.
RCAP 2017 was preceded by the Asia Low Emission Development Partnership (ALP) Forum on 5-6 December 2017, which focused on catalyzing support for NDC implementation and monitoring in Asia.
CDIA capacitates and assists cities in their project preparation studies by examining climate risks and vulnerability, assessing environmental and social safeguards, and establishing financial and economic feasibility of options cognizant of the requirements of potential financiers.