Cities are at the forefront of climate action, representing the space where the mitigation and adaptation agendas intersect. Concentrating over 80 percent of global economic activity, cities are also the frontlines of multiple crisis – they acutely feel the impact of pandemics and endemics, of conflict and fleeing populations, and of climate change. All of which can exacerbate risks and widen inequalities.
By supporting climate-smart development, governments and city leaders can avoid locking-in unsustainable infrastructure, create much-needed jobs, and transform their economies so that they are more inclusive, low-carbon, climate-resilient and sustainable. Preparing countries and cities to access urban climate finance through improved climate action planning and the prioritization and monitoring of impactful investments is critical.