CDIA, Other CCFLA Members Share Insights on Financing Climate Resilience in Cities
October 21, 2019
At the Seventh Asia Pacific Urban Forum (APUF7) from 15-17 October 2019 in Penang Malaysia, CDIA and other members of the Cities Climate Finance Leadership Alliance (CCFLA) organized an urban innovation session where they shared opportunities and innovative practices on climate adaptation infrastructure investments.
At the session conducted 16 October 2019, some 35 city representatives and development partners had a fruitful exchange looking at the sufficiency of funding, institutional capacity, sustainability and resilience standards, and cooperation among players to make the necessary urban investments possible. The session was chaired by Clement Larrue of Agence Francaise de Developpement.
Priscilla Negreiros, Project Manager at Climate Policy Initiative [that manages CCFFLA] gave a short background on the challenges that cities face in terms of exposure to climate risks and the need to raise finance for low-emission climate resilient infrastructure.
Mir Abid Hussain, President of Local Councils Association of Balochistan (Pakistan), a member of UCLG-ASPAC, echoed the challenges faced by cities in municipal financing.
Susan Jose, CDIA’s Social and Capacity Development Specialist meanwhile, shared how CDIA supports city initiatives to address climate change, both in terms of promoting low GHG development and building climate resilience.
“CDIA’s approach involves both participatory and experts’ inputs. While allowing stakeholders to provide their own perception of the shocks and stresses they face, climate-sensitive project design is supported by scientific analysis from experts,” she explained.
Louis Downing from the Global Infrastructure Basel Foundation (GIB) highlighted the fact that standards such as the SuRe® Standard can help improve quality and leverage finance. He also shared an example of the importance of considering stakeholders in infrastructure such as being child-friendly.
Boyd Dionysius Jouman from Iskandar Regional Development Authority Malaysia supplemented GIB Foundation by sharing their experiences and challenges in pursuing a “green-focused agenda” for the Iskandar region.
Finally, Bernhard Barth from UN-Habitat provided key insights on the challenges faced by cities in accessing climate finance, and the capacity development support provided by UN-Habitat for cities to be able to access climate finance.
APUF7 was attended by policy makers from national governments, financial institutions, development partners, academia, private sector and civil society organizations. With the theme, “Transformative Pathways to Achieve the 2030 Agenda for Sustainable Development,” the event allowed participants to share insights and experiences to future-proof urbanization solutions.
Click here for related story: Rethinking Municipal Finance to Tackle Urban Poverty and Achieve SDGs in Asia-Pacific Cities