CCFLA at COP28
Cities Climate Finance Leadership Alliance experts will be hosting and presenting at several events at COP28 in December 2023. These will cover MDB reform, adaptation and resilience in cities, net zero buildings, innovative financing mechanisms, and other topics.
Events Organized by CCFLA
DOLLARS AND SENSE: HOW MULTILATERAL DEVELOPMENT BANKS (MDBS) CAN SCALE THE GREEN TRANSITION
Saturday 2 December; 1:45 – 3:15pm
Co-hosted by CCFLA, Bloomberg Philanthropies, and the COP28 Presidency
The Cities Climate Finance Leadership Alliance will launch first-of-its-kind assessment of MDBs’ contributions to urban climate finance in low- and middle-income Countries and explores opportunities for them to do more. Climate Policy Initiative’s Global Managing Director, Dr. Barbara Buchner will present the key findings and moderate the session.
This session is co-hosted by Bloomberg Philanthropies and the COP28 Presidency during the Local Climate Action Summit on “New Solutions & Finance for Local Action.”
The session will discuss opportunities for MDBs to increase support for local climate action. A panel of MDB leaders, Development Finance Institution (DFI) leaders and subnational leaders will identify the most urgent next steps for the MDB reform agenda.
WHY IS MDB REFORM CRUCIAL TO ACCELERATING URBAN CLIMATE FINANCE?
Sunday 3 December; 4:00-5:00pm – Panel Discussion & 5:00-6:00pm – Happy Hour
Hosted by CCFLA
Multilateral Development Bank (MDB) reform is high on the agenda at COP28 for many international stakeholders, particularly with respect to climate finance, which needs to be scaled rapidly to tackle the climate crisis. Cities sit at the forefront of the climate crisis, accounting for 70% of global energy use and 75% of CO2 emissions, and are some of the most vulnerable areas to the impacts of the climate crisis.
This event, hosted by the Cities Climate Finance Leadership Alliance, will discuss the key policy recommendations for MDB reform to accelerate urban climate finance identified in a new report developed by CCFLA in collaboration with the C40 Cities and the Global Covenant of Mayors (GCoM). Entitled ‘Accelerating Urban Climate Finance in Low-and Middle-Income Economies: A Strategic Component of MDB Reform,’ the report presents a comprehensive picture of the current landscape of MDBs’ contributions to urban climate finance and presents recommendations on how they can play an even more significant role in financing urban climate projects.
The panel will be followed by a happy hour – we invite all CCFLA members to join.
Events at which CCFLA will participate
INCENTIVES FOR FINANCING GREEN CONSTRUCTION SECTOR
Monday 4 December; 9:00 – 12:00pm
Hosted by Saudi Green Building Forum
CCFLA’s Senior Manager, Priscillia Negreiros, will participate in this panel that will deliberate on the effective financial incentives and mechanisms that governments and institutions can provide to stimulate investment in green construction projects. The event aims to answer key questions like, how can the private sector be encouraged to invest in green construction, and what role do financial incentives play in attracting green capital? What are the key challenges and barriers in implementing financial incentives for the green construction sector, and how can these hurdles be overcome? Can financial incentives for green construction be tailored to specific regions and types of projects, and what lessons can be learned from successful regional approaches? And what are the long-term impacts and benefits of offering financial incentives for green construction, both in terms of environmental outcomes and economic growth?
PUBLIC DEVELOPMENT BANKS AND CITIES: A WINING PARTNERSHIP FOR A SUCCESSFUL CLIMATE TRANSITION
Wednesday 6 December; 9:00-11:00am
Hosted by Agence Française de Développement
Urban areas generate around 70% of the global greenhouse gas emissions and face various challenges for developing and funding/financing climate-smart projects. National development banks (NDBs), including Subnational Development Banks, are well positioned to support those projects, as they are ideally placed to de-risk or cover upfront costs, can provide local currency financing instruments, and can leverage locally adapted financial mechanisms. However, NDBs face barriers in supporting the urban sector, among which the lack of available feasibility studies and projects pipelines coupled with the lack of favorable regulatory and institutional frameworks which limit the cities financial autonomy and planning.
CCFLA’s Senior Manager Priscillia Negreiros will participate in this discussion.
KEY TO GREEN CITIES: MEETING THE CHALLENGE OF TOMORROW’S MEGACITIES WITH CLIMATE FINANCE
Wednesday 6 December; 2:00-3:30pm
Hosted by Climate Investment Funds
CCFLA’s Senior Manager Priscillia Negreiros will serve as a moderator of the fireside chat,“Key to Green Cities: Meeting the Challenge of Tomorrow’s Megacities with Climate Finance” — a COP28 event, hosted by the Government of Rwanda, that will highlight the critical importance of scaling local climate action in cities across the developing world.
BREAKING FINANCIAL BARRIERS IN DECARBONIZING CITIES
Tuesday 5 December; 2:00-4pm
Shared Presentation Hub – Blue Zone
Co-hosted by Cities Commission for Climate Investment (3Ci) and KPMG