Under the Transformative Action Program (TAP), ICLEI conducted three webinars focusing on innovative green finance mechanisms. These offer local governments a powerful tool to finance sustainable projects that address environmental challenges. Municipalities can attract investment for initiatives like renewable energy, public transportation, and green infrastructure by utilizing green finance tools, such as green bonds, driving local economic growth while promoting environmental stewardship. These funding mechanisms not only help cities meet their sustainability goals but also enhance their resilience to climate change impacts.
Through three deep-dive sessions, the series explored how cities across the globe are using green finance to scale up climate action and how they are overcoming the main barriers:
- Transition bonds & just transition: Lessons from Kyoto (Japan) and Bali (Indonesia) on financing the shift to sustainability.
- EU Green Deal & the Swedish Model: How European cities like Gothenburg, Sweden, are leveraging alternative funding.
- Green bonds in Africa: Tackling access-to-finance barriers for local governments.
Watch the replay of the Green Finance Innovation webinar series here.