Cities have to innovate to find solutions to finance climate action programs. Mexico City in December 2016 became the first city in Latin America to issue a Green Bond - for US $50 million.
Guidance DocumentC40 Cities Climate Leadership Group
Guidance DocumentC40 Cities Climate Leadership Group
Creditworthiness
A city's creditworthiness is a vital requirement to finance low-carbon, climate resilient projects, yet many C40 cities do not have a credit rating or access to capital.
