Green finance for Smart Cities
HOW DO YOU ATTRACT INVESTMENT TO ACHIEVE SUSTAINABLE GROWTH?
Several Mexican cities such as Naucalpan and Valle de Bravo (the State of Mexico), Zapopan (Jalisco) and Hermosillo (Sonora) want to accelerate their transition towards sustainable growth with low-carbon solutions and smart technologies.
To achieve this, they have joined the Green Finance Program for the development of Smart Cities, an initiative that has the financial support of the UK PACT (United Kingdom Partnering for Accelerated Climate Transitions). The Program has allowed them to strengthen their capacities in identifying, evaluating, selecting and preparing climate change mitigation and sustainable development projects, in order to access financing sources or create innovative business mechanisms.
Over the course of a year, IDOM has accompanied the authorities in the process of technical and financial maturation of nine projects in the sectors of renewable energy and energy efficiency, mobility and transport, waste management and recovery, and water management.
It is intended that these projects obtain an optimal level of maturity and are capable of attracting public and private investors, as well as national and international development banks.
The development of the works has included several training sessions, thematic webinars , case studies and a final report.
Other related IDOM new items:
July 3, 2020
What the projects should be like!
To accelerate the flow of capital for the implementation of local green actions, each project must be a solution:
- climate related and smart, capable of effectively reducing greenhouse gas emissions while including digital technology;
- feasible, as a strategic and political alignment and that does not generate any negative impact on the environment and society;
- technically and economically viable, to access previously identified financing;
- transformational and with good potential to be scalable and replicable.
Mariana Silva Paredes ( firstname.lastname@example.org )