The Clima-Med project was invited to participate to the HSBC’s Financing Zero Carbon Cities of the Future programme as part of the first ever London Climate Action Week (1-8 July 2019). The event took place at the Tate Modern and Royal Geographical Society premises and brought together London’s climate expertise and talent from across sectors; it focused on scaling up practical solutions and identifying new solutions to keep global temperature increases within 1.5 degrees in line with the Paris Agreement.

Professor Greg Clark, Senior Advisor, Future Cities & New Industries moderated the workshop on Green finance instruments; the session explored the future business models of the zero-carbon city in Europe, and involved leading urban operators, multi-lateral development banks, city governments, academic and financing experts. Its objective was to understand how public-private partnerships, joint ventures, procurement, bank lending and infrastructure finance, need to change to support urban operations that are zero carbon. These “urban operations” might include waste, water, energy, transport, lighting, real estate, logistics, housing, and trade.

Speakers included Daniel Klier, Group General Manager and Global Head of Sustainable Finance and Zoe Knight, Managing Director, Group Head, Centre of Sustainable Finance, HSBC.

An interactive and participatory discussion was organised on the future Business Models of the Zero Carbon City which explored how the shift to public-private partnerships, joint ventures, procurement, bank lending and infrastructure finance can support urban operations that are of zero carbon.

Showcasing climate projects from the South Mediterranean region

Clima-Med presented 20 action fiches, from Municipal SECAPs in the Mediterranean, with potential for funding,  at the event hosted by EBRD ”Green Cities: Building a better and more sustainable future for cities” that took place on Thursday 4 July 2019 at the Banks’ Headquarters.

The event was an opportunity for participants to showcase the latest trends in financing green cities – from innovative technologies to sustainable infrastructure investment – to tackle urban challenges and secure a better and more sustainable future for their residents.

The conference was presided by the Master of Ceremonies Mr. Nigel Jollands Associate Director Policy Products, and brought together the Greater London Authority, mayors and government officials from EBRD Green Cities, financial institutions, and urban and climate specialists. With a diverse range of stakeholders, participants were able to share their experiences on designing and investing in sustainable cities.

Clima-Med was represented by its Team Leader Naguib Amin, Olgus Okumus, Senior Expert for Policy and Finance Strategy together with Project Director Nadya Boneva. They presented a handbook with 20 selected Action Fiches from the Sustainable Energy Action Plans (SECAPs) prepared by municipalities with the assistance of the Project. This tool provided focus on local authorities capacities in the region to ramp-up and mainstream climate actions , showing that the project fiches are in compliance with the funding institutions requirements.

Clima-Med is one of the few projects labelled by the Union for the Mediterranean focused on Energy and Climate Action contributing to the transition towards sustainable, low-carbon and climate-resilient development.

EBRD Green Cities programme strives to build a better and more sustainable future for cities and their residents. This is achieved by identifying, prioritizing and connecting cities’ environmental challenges with sustainable infrastructure investments and policy measures. With over € 1 billion in EBRD committed funds, the programme is operational in more than 20 cities, and has mobilized over €250 million investments to date.

photo credit: Hieu Vu Minh