Resilient Cities 2015 to focus on financing resilience
As more and more cities move toward implementing their adaptation plans and resilience strategies, the lack of funding for such projects has become increasingly problematic. Investment in long term, multi-sector interventions requires a shift in institutional thinking for cities and funders alike, accompanied by new ways to measure, model, and report risks and returns.
Resilient Cities 2015 took a critical look at emerging approaches for financing resilience, sharing innovative examples of how cities, donors, investors, and intermediaries were reimagining traditional models to direct resources toward urban resilience-building.
In the plenary sessions, participants learned about new global partnerships and commitments such as the Medellin Collaboration on Urban Resilience and the Cities Climate Finance Leadership Alliance and their efforts to scale up existing resources.
On June 9th, the congress hosted a Finance Forum in cooperation with Agence Francaise de Developpement (AFD) featuring four linked sessions:
- An Opening Panel in which representatives from local governments, funding agencies, intermediary organizations, and the private sector discussed innovative mechanisms and approaches for financing climate adaptation.
- A discussion on the Role of Multilateral Funding Institutions in financing resilience organized with the Global Environment Facility.
- A panel session exploring How Local Financial Institutions can Mobilize Climate Resilient Investments organized with Agence Francaise de Developpement (AFD)
- A workshop which provided an opportunity for participants to discuss and test new tools and approaches.
These discussions were supported by sessions on June 8 and June 10 on:
- B2 - Towards a low carbon, resource efficient and climate resilient City of Tshwane (Reality Check Workshop with a finance focus)
- B4 - How to mobilize financial instruments to develop resilient cities
- F1 - The Medellin Collaboration on Urban Resilience: Harnessing global capital and expertise for local resilience
- G2 - Planning for resilience during post-disaster recovery in New York City
- G3 - When cities and companies collaborate for urban resilience
- H1 – A framework & diagnostic tools for resilient, inclusive economic growth
In parallel, the congress discussed advancements in measuring and reporting urban resilience, an essential component for securing financing, with special presentations on resilience indicators from the World Council on City Data and the Compact of Mayors.
For more information, visit our program pages on the left (Day 1, Day 2, Day 3).