Buch, Englisch, 75 Seiten
Buch, Englisch, 75 Seiten
Reihe: Elements in Climate Change and Cities
ISBN: 978-1-009-58917-8
Verlag: Cambridge University Press
While global financial capital is abundant, it flows into corporate investments and real estate rather than climate change actions in cities. Political will and public pressure are crucial to redirecting funds. Studies of economic impacts underestimate the costs of climate disasters, especially in cities, so they undermine political commitments while understating potential climate-related returns. The shift of corporate approaches towards incorporating environmental, social, and governance (ESG) impacts offers promise for private-sector climate investments but are recently contested. Institutional barriers remain at all levels, particularly in African cities. Since the Global North controls the world's financial markets, new means of increasing funding for the Global South are needed, especially for adaptation. Innovative financial instruments and targeted use of environmental insurance tools can upgrade underdeveloped markets and align urban climate finance with ESG frameworks. These approaches, however, require climate impact data collection, programs to improve cities' and countries' creditworthiness, and trainings. This title is also available as open access on Cambridge Core.
Autoren/Hrsg.
Weitere Infos & Material
List of Contributors; Series Preface; Foreword I – Eugenie Birch; Foreword II – Kevin Chika Urama; Series Editors' Introduction to 'Financing Urban Transitions to Climate Neutrality and Resilience'; Major Findings and Key Messages; 1. Introduction and Framing; 2. Climate Finance Gaps in the Global South; 3. The Transformation of Urban Climate Finance: Incorporating ESG and the SDG Frameworks; 4. Enabling City Finance through Standards and Reporting: The Task Force on Climate-Related Financial Disclosures and the Carbon Disclosure Project; 5. Innovative Urban Climate Finance Mechanisms for Climate Change Mitigation, Adaptation, and Resilience-building in Cities; 6. Urban Climate Finance Mobilization from the Public and Private Sectors; 7. Instruments for Climate Finance Mobilization in Cities; 8 Climate Insurance; 9. Conclusions; Abbreviations; References; Appendices.
