Event November 12, 2017

COP 23 event brings cities, partners and investors together

Mark Watts Keynote_edited
Event Date 11 November 2017
Location Bonn, Germany

Cities are increasingly acting to mitigate and adapt to the effects of climate change. However, they remain unable to fully implement their ambitions because of a lack of capacity and because of limited access to finance for sustainable infrastructure projects. The event “Accelerating the urban transformation - Financing and implementing infrastructure projects in cities and regions”, held at COP 23 in Bonn, Germany, was an opportunity to discuss how to overcome these barriers and to showcase initiatives that are aiming to take advantage of these infrastructure opportunities. It included contributions from cities, bilateral donors, project preparation facilities (PPFs), and banks. The event was jointly hosted by the C40 Cities Finance Facility and a number of its partners.

Mark Watts, Executive Director of C40, laid out the different programmes through which C40 seeks to address these challenges, especially the C40 Cities Finance Facility. Ani Dasgupta, Global Director of the WRI Ross Center for Sustainable Cities, noted the achievements in helping cities access finance in the last few years through the proliferation of city-focused PPFs and how much the discourse had changed thanks to the efforts of cities and their partners. The roundtable discussion emphasised the importance of building partnerships between actors, particularly among PPFs; a new report by the Cities Climate Finance Leadership Alliance similarly makes this point.

Finance Event Panel
Sarah Ward, Head of Energy and Climate Change for Cape Town, discussed her city's recent experience with green bonds, and the political and financial constraints under which Cape Town must operate across several sectors. Photo credit: Simon Veith Fotografie/C40
  • Vera Rodenhoff (Opening remarks), Head of Division International Environment and Energy and Urban Development, Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB)
  • Mark Watts (Keynote Speech), Executive Director, C40 Cities Climate Leadership Group
  • Ani Dasgupta (Moderator), Global Director, WRI Ross Center For Sustainable Cities
  • Sarah Ward, Head: Energy and Climate Change, Sustainable Energy Markets Department, Cape Town
  • Gerry Muscat, Head of Division, Urban Development Division, Projects Directorate, European Investment Bank (EIB)
  • Joachim Fritz, Head of Department Governance and Conflict, GIZ
  • Maryke van Staden, Director of the Bonn Centre for Local Climate Action and Reporting (carbonn Center), ICLEI and Chair of the Finance Technical Working Group of the Global Covenant of Mayors for Climate & Energy (GCoM)
  • Christophe Dossarps, CEO of Sustainable Infrastructure Foundation
  • Tania Rödiger-Vorwerk (Closing remarks), Deputy Director General at Directorate 31– Sustainable Development; Natural Resources; Economic Policy and Infrastructure; and Director of Strategy and Policy planning in the Federal Ministry of Economic Cooperation and Development (BMZ).

Partners: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, C40 Cities Climate Leadership Group, BMZ, BMUB, World Resources Institute, ICLEI, FMDV, and CCFLA.s