Cities seek $86bn for climate infrastructure projects

Cities seek $86bn for climate infrastructure projects

The 2024 Global Snapshot, developed in partnership with the Global Covenant of Mayors for Climate and Energy (GCoM), reveals that 611 cities across 75 countries have disclosed 2,508 climate-related projects through CDP-ICLEI Track in 2024, with a total investment requirement of $86bn. According to CDP, demand for climate finance in cities is increasing year-on-year as reported investment needs surged by 23 per cent in 2024. However, this remains only a fraction of the $800bn in annual public investment from national governments and development finance institutions required by 2030, as highlighted…

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