The World Bank’s global Urban, Disaster Recovery, Resilience and Land practice will participate in several high-level events at the upcoming COP26 in Glasgow, Scotland.
As the world continues to urbanize, the way cities are built and managed will determine the trajectory of global GHG emissions. Although cities occupy only 2% of the world’s land area, they consume more than two-thirds of the world’s energy and account for over 70% of global GHG emissions from final energy consumption.
Cities also face increasing climate-related risks, such as heat stress, urban flooding and sea level rise, as well as challenges resulting from population growth, migration and aging or inadequate infrastructure. This is why urban areas are essential to the global movement to adapt, mitigate and reduce the effects of climate change.
Over the next two weeks, we will be participating in several events that will highlight the need for urgent climate action in cities and the need for a variety of actors to work together if we are to achieve this goal.
How cities inspire nations and businesses to embrace forestry action
November 2, 12 p.m. to 1:30 p.m. UK time / Natural Area Pavilion, Blue Zone
Forests help keep the Earth, its people and cities healthy. As governments and the private sector shape the global climate response at COP26, we will discuss how cities are leading forest conservation and inspiring financial investments in nature, particularly through the ‘Call for Action’. action on forests and climate ”from Cities4Forests. The roundtable will include mayors, senior officials and business leaders, as well as representatives from the world’s largest financial institutions.
Panelists will describe innovative efforts to use forests and other nature-based solutions to mitigate, adapt and combat climate change, ensure water security, preserve biodiversity, protect health and the environment. human well-being and promote greater social equity.
For more information: Integrating green and gray: creating a new generation infrastructure
Mobilize urban climate finance through the City Climate Finance Gap Fund
November 5, 11:15 a.m. – 12:15 p.m. UK time / Benelux Pavilion
Cities’ financial needs to transition to a resilient, low-carbon future run into the trillions of dollars, especially in rapidly urbanizing cities in South Asia and sub-Saharan Africa. This event will feature the City Climate Finance Gap Fund, a collaborative effort that provides technical assistance funding in the very early stages of project planning and design. The Fund helps maximize climate impact, prepare and prioritize bankable climate investments, and move cities towards low-carbon, climate-resilient development pathways.
Our goals in organizing the session include:
- Provide an overview of the Gap Fund and its role in mobilizing urban climate finance; report on progress made to date.
- Introducing a donor perspective on the Gap Fund’s unique value proposition
- Facilitate a dialogue between existing and potential donors
- Answer any questions potential donors and partners may have
For more information: https://events.eib.org/event/06c85ddd-e9a3-4651-80f7-c81ab8ff934d/websitePage:9d6d23f5-8634-48e3-8c4b-76df9051f068
Early Warnings for Small Island Developing States – Closing the Capacity Gap by 2030
November 9, 2:15 p.m. – 3:45 p.m. UK time / Green Climate Fund Pavilion
With the ever-increasing extreme weather events, early warning and risk-based early action save lives and livelihoods, protect development and resilience gains, and have always proven to be cost-effective. Increased funding is essential to help close the capacity gap for early warning and response in small island developing States, to strengthen early warning systems and to accelerate adaptation.
The event’s organizers and co-producers are the Green Climate Fund (GCF) and CREWS (Climate Risk Early Warning Systems), whose implementing partners include the World Bank, supported by the Global Facility for Disaster Relief & Recovery (GFDRR), the United Nations Office for Disaster Risk Reduction (UNDRR) and the World Meteorological Organization (WMO).
For more information: https://gcfatcop.com/programme/
The City Climate Finance Gap Fund: Helping cities early on turn climate plans and pipelines into action
November 11, 6-7:30 a.m. UK time / MDB Pavilion and World Bank Live
Leveraging climate finance at the scale and at the speed needed to tackle the climate crisis is a key global commitment. Within this framework, cities and urban systems will be essential to achieve a green and inclusive global transition. The event will feature the City Climate Finance Gap Fund, a multilateral partnership involving the World Bank, European Investment Bank and other partners.
For more information: https://live.worldbank.org/cop26-moving-cities-cleaner-future