While sustainable investing is booming, unlocking the potential of clean technologies and accelerating the transition to low carbon economies, research shows that few bonds support a holistic view of sustainable cities.
Out of the 3916 bonds found in the Environmental Finance database only 3% were designated as social and 4% as sustainable. In Sweden the first city-driven green bond, issued in 2013 by the City of Gothenburg, has raised concerns over the additionality of the environmental impacts and lack of consideration to social equality and justice. Unless sustainability impacts are holistically considered in bond frameworks, trade-offs between environmental and social benefits may occur.
This project aims to accelerate investments in viable cities by:
- identifying the needs and gaps of various stakeholders in terms of creating sustainable cities
- assessing how much sustainable finance is currently geared towards sustainable cities
- reviewing impact frameworks and metrics
- mobilizing the supply and demand side of the market to ensure that sustainable financing supports a holistic view of sustainable cities
The project team is made up of 2 research institutes, representatives from the private sector and Swedish municipalities.
There's no lack of sustainable solutions for climate neutral cities, but challenges remain in terms of implementation and upscaling in city structures.
Citizen participation methods can foster a transparent democratic process, while at the same time benefitting municipalities by finding sustainable solutions.
This factsheet offers some introductory insights into how Swedish municipal governments are financed and what their budgets entail.
This fact sheet provides insights into the importance of sustainable cities and gives some practical examples of what cities can do to become more sustainable.
In this fact sheet, we provide an overview of public-private partnerships (PPPs).
This webinar series explored what barriers and possibilities exist in amplifying city innovations and enabling cities to reach their sustainability goals.