4. Webinar Climate resilient investment finance after the Bonn-Fiji Commitment to urban action
22. Feb 2018 - 16:00 CET / 10:00 EST
Due to legislators’ short terms of office, the public sector tends to focus on immediate needs, rather than longer-term investment. As a result, generating commitments to infrastructure investments is always difficult. Anticipating and responding to political and economic threats to infrastructure from climate change is even more challenging. Investments in resilient infrastructure can both mitigate climate risks and improve adaptive capacity. After one of the warmest calendar years on record, the DE-US webinar series returns to the issue of attracting needed investments. We shall briefly review the general infrastructure finance problem and existing tools for raising funds. Then we shall turn to the 2017 Bonn-Fiji commitment of Local and Regional Leaders to the Paris Accord and the new opportunities those commitments provide as well as the demands for finance they encompass. We then will examine major emissions trading schemes in place and in development, notably in China. Looking at the divergent characteristics of market prices and the social costs of carbon, we will close by considering the features of carbon trading systems that would best support raising climate-resilient infrastructure funds while reducing emissions and raising awareness of the local development co-benefits of low carbon, climate-resilient strategies of cities.