Public Administration News
Share
 |
World Bank to Help Cities Control Climate Change |
| Source: |
web.worldbank.org |
| Source Date: |
Thursday, June 02, 2011 |
| Focus: |
Electronic and Mobile Government, Citizen Engagement, Internet Governance
|
| Created: |
Jun 07, 2011 |
|
“The World Bank signed an agreement on Wednesday with mayors from 40 of the world’s biggest cities to work on technical and financial assistance for projects to minimize the effects of climate change. The deal, announced at the C40 large cities climate meeting here, will ease access to financing for climate-change-reduction projects. It was hailed by many of the mayors, including Michael R. Bloomberg of New York City, and by former President Bill Clinton, who attended the event as part of a new partnership with Mr. Bloomberg.
‘The World Bank announcement is terrifically important,’ Mr. Clinton said. ‘It will give credibility to these projects to get private capital.’
The agreement will make it easier for investors who have been hesitant to finance projects to assess city action plans by providing a standard approach, said Robert B. Zoellick, the World Bank’s president. It will also provide a common way to measure and report on the greenhouse gas emissions of cities, easing access to carbon financing, he said….” [The New York Times]
AP reports, “…according to the World Bank, C40 cities account for 8 percent of the global population, 12 percent of global greenhouse gas emissions, and 21 percent of the world’s global gross domestic product. In his speech, Zoellick said the agreement will help cities ‘integrate growth planning with climate-change adaptation and mitigation, with special attention to the vulnerabilities of the urban poor.’…” [AP/Washington Post]
AFP adds “…the 40 major cities whose mayors are attending the Sao Paulo conference -- including New York, Jakarta, Mexico City, Berlin, Barcelona, Rio de Janeiro and Paris -- are responsible for 12 percent of global greenhouse emissions. ‘Cities are also paying big price of climate change,’ said World Bank president Robert Zoellick. Zoellick told the mayors that he would make it easier for cities to use the Bank, as part of an effort to make available as much as $6.4 billion the Bank has earmarked for climate relief programs. Private initiatives, said Zoellick, could lift that amount to as much as $50 billion. ‘The memo of understanding between the World Bank and C40 is a window of access for cities,’ added Zoellick, and should help them gain ‘more access to develop strategies, mitigation, technical assistance’….” [AFP]
|
|
|
|
|
|
 Tag This |
World Bank to Help Cities Control Climate Change The World Bank signed an agreement on Wednesday with mayors from 40 of the world’s biggest cities to work on technical and financial assistance for projects to minimize the effects of climate change
 Tell A Friend |
|
 del.icio.us digg this Slashdot |
| Rate: |
0 ratings
|
Views: |
184 |
| Comments: |
0 |
Favorited: |
0 |
Bookmarked: |
0 |
Tagged: |
0 |
|
|
|
|