New Green Finance Instruments for Cities

Author Discussion
Philippa Hoy

9 Nov. 2010

9/11/10 - Today we held a very interesting webinar focussing on the new options available for 'green' and resilient infrastructure investments. Our speakers were Dimitri Zenghelis, Chief Economist, Climate Practice at Cisco and Geoff Sinclair, Head of Carbon Sales & Trading, Standard Bank.

You can access a recording of the webinar (including viewing the slides) here.  You can also view Geoff's slides separately here.

Below are some of the questions raised during the webinar. Please continue the discussions by adding your own comments and posting further questions.

What are the most economically viable changes emerging economy cities can make in terms of technologies and practices to adapt to climate change and move towards a low carbon economy (as distinct from OECD country actions that are generally 'smart', high tech developments)?

Has any progress been made by the CDM Executive Board in recognising programmatic CDM? What are the remaining hurdles?

A question in two parts.

First, in reference to the financing model developed for Puebla, Mexico.  For this to work, a city or a national government needs to guarantee the flow of carbon credits to pay off the bondholders.  For a city to be able to do this they need to be confident that they understand how and when those credits will be generated, correct? 

Secondly, if a city uses its planning/regulatory powers to mandate a programmatic change in the way things happen, e.g. requiring businesses to substitute low energy sources for fossil fuels, or requiring buildings to meet low carbon performance standards, could it submit this as a methodology, and then run the program to attract carbon credits?

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