Climate Change and Urban Economy
1:00 - 2:45 PM EDT
Topic: Urban Climate Financing: Establishment of Canada Climate Action Foyer
The COVID-19 pandemic has further constrained cities' finances through loss of local revenue sources and channelling more resources to public health sector. This has led to limitation in cities allocation of funds to essential infrastructure, such as housing, and future urban planning. As cities look to urban recovery, future planning also needs to emphasizes a sustainable low carbon approach, requires city leaders to have access to the necessary models and tools to help mobilize both tangible (i.e., finance) and intangible (i.e., knowledge sharing) capacities and resources. In order to alleviate the economic and social consequences of COVID-19, several public and private entities have announced economic stimulus packages for cities and towns. However it is still unclear how cities might benefit from these recovery funds and how related to urban
climate finance these funds will be.
This panel discussion will look at opportunities and barriers for cities to mobilizing financial resources for adaptation and mitigation measures and capacity building and how cities can move forward. The session will take a practical approach and further explore Public-Private-Peoples' partnerships, multi-stakeholder partnerships, impact investing, and blended financing.
Speakers