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Sustainable Finance for Urban Development: Driving Green Investments

Explore the latest trends in private finance for sustainable cities, focusing on green investments, SDGs, finance opportunities, public sector actions, standards, and new finance structures. Learn about green bond principles, evolving technologies, and the role of national governments in financing urban infrastructure.

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Sustainable Finance for Urban Development: Driving Green Investments

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  1. Matthew Ulterino Property Investment Project Coordinator UNEP Finance Initiative

  2. Channeling Private Finance for low-carbon and sustainable citiesGlobal Forum for Human Settlements October 31, 2018

  3. Private Finance and Sustainable Cities • Drivers for green / sustainable investments • Disclosure and benchmarking • Sustainable Development Goals (SDGs) • New finance opportunities • Public sector action for increasing finance flows • Policy setting, coherence • Standards and regulations • Own-source revenue • Overview

  4. Private Finance and Sustainable Cities • Attention on financial disclosures and benchmarking • Closing the SDG finance gap • Drivers https://www.fsb-tcfd.org/and http://www.unepfi.org/climate-change/tcfd/ttps://api.gresb.com/infra/home https://www.pggm.nl/english/what-we-do/Documents/SDI-taxonomies-APG-PGGM-mei_2017.pdf https://www.unpri.org/download?ac=5426http://www.unepfi.org/positive-impact/positive-impact/

  5. Private Finance and Sustainable Cities • Green Bond Principles (ICMA): eligible Green Project categories: • Renewable energy & energy efficiency • Pollution prevention and control • Agriculture, aquaculture, viticulture • Biodiversity conservation • Clean transportation • Circular economy / clean production • Green buildings • Water, wastewater management • ASEAN Green Bond Standards (ASEAN Capital Markets Forum) – specific guidance for regional issuers • Drivers

  6. Private Finance and Sustainable Cities • Evolving technologies and finance structures • “Distributed energy technologies such as battery storage, onsite generation and energy efficiency can deliver an 11% CO2 saving across the healthcare, industry and hospitality sectors by 2030” (Centrica, Oct 2018) • Drivers Source: Taurus Investment Holdings / Ecosmart Solutions

  7. Private Finance and Sustainable Cities National govt. role in financing sustainable urban infrastructure • Public sector actions Source: Coalition for Urban Transitions - Global Review of Finance For Sustainable Urban Infrastructure

  8. Private Finance and Sustainable Cities 2018 Global Investor Statement to Governments on Climate Change (319 investors /USD $28 trillion in assets)Excerpts: • Update and strengthen NDCs and focus on implementation • Formulate and communicate long-term emission reduction strategies • Put a meaningful price on carbon, phase out fossil fuel subsidies • Commit to implement the TCFD recommendations • Public sector actions Source: Global Investor Coalition on Climate Change

  9. Private Finance and Sustainable Cities S&P Global RatingsThrough The ESG Lens: How Environmental, Social, And Governance Factors Are Incorporated Into U.S. Public Finance Ratings • Pompano Beach FL: credit rating upgrade due in part to disaster planning, efforts to address sustainability, climate change, and sea level rise in its long-term planning efforts, development regulations, and infrastructure improvements. • Rockport, TX: downgraded in the aftermath of Hurricane Harvey from potential tax-base deterioration, and uncertainty on budgetary performance and flexibility following the hurricane • Public sector actions

  10. Private Finance and Sustainable Cities Importance of key national transport policy instruments • Public sector actions N = 77 Source: Coalition for Urban Transitions - Identifying national policies to enable compact, connected and coordinated urban development (forthcoming)

  11. Matthew UlterinoProperty Investment Project CoordinatorUNEP Finance Initiativematthew.ulterino@un.orgTel: +1 (585) 417-0615 (US)Tel: +44 (0)20 8133 8620 (UK) Thank you www.unepfi.org | www.unep.org Facebook | Twitter | LinkedIn | YouTube

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