Green finance for Smart Cities
How to attract investment for a sustainable growth?
Several Mexican cities such as Naucalpan and Valle de Bravo (State of Mexico), Zapopan (Jalisco) and Hermosillo (Sonora) want to accelerate their transition to a sustainable growth with low-carbon solutions and smart technologies.
To achieve this, they have joined the Green Finance for the Development of Smart Cities project, an initiative funded by the UK PACT Programme (United Kingdom Partnering for Accelerated Climate Transitions). The latter has enabled the cities to strengthen their capacities in identifying, assessing, selecting and preparing climate change mitigation and sustainable development projects, to access funding sources or to create innovative business mechanisms.
Over the course of one year, IDOM has accompanied the authorities in the technical and financial maturation process of nine projects in the following sectors: Renewable energy and energy efficiency, mobility and transport, waste management and recovery and water management.
The aim is for these projects to reach an optimal level of maturity and to be able to attract public and private investors, as well as national and international development banks.
The development of these works has involved several training sessions and thematic webinars, case studies and a final report.