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Updates from the Cities Climate Finance Leadership Alliance
February/March 2020
This newsletter from the Cities Climate Finance Leadership Alliance features our announcements and action group updates, alongside a range of news and event notices from members. Send us an e-mail if you have any suggestions or would like to submit items to the newsletter. Thank you for reading!
Announcements
New Member
Please welcome the newest member of the Alliance, The Penn Institute for Urban Research (PennIUR)! Find out more about PennIUR in the Member Spotlight section of this newsletter.
Mexico Project Preparation Practitioners Forum
Members of the Project Preparation Action Group are organizing a Practitioners Forum in Mexico City on 14 & 15 May (Date Subject to Change). The workshop will bring together representatives from all levels of government, the finance community, and city networks to contribute to a better understanding of the institutional and regulatory frameworks needed to support subnational urban climate projects in Mexico.
If you are interested in finding out more, please notify the Secretariat.
Update from the Steering Committee
The Alliance Steering Committee held its first meeting on 22 January. During the meeting, the group established its working procedures, approved the Alliance operational plan, and approved one membership application. In the coming months, the Steering Committee will continue to review member applications, approve the working plans of the action groups, and shape the agenda of the Alliance Assembly.
View the members of the Steering Committee
Action Groups
This section features updates from our Action Groups. Any Alliance member can join the action groups - let us know if you would like to join any of the groups.
Project Preparation Action Group
The Project Preparation Action Group is finalizing its work plan for the year, and held a call on 18 February to gain member feedback and support on 10+ activities in the plan, including knowledge products/publications and training events, amongst others.

What's next? 
  • The work plan will be issued to the Steering Committee for approval.
  • Work plan activities will start to be implemented by the member organizations.
  • Progress reporting will take place in regular PPAG member calls and the outcomes shared with the wider Alliance members. If you are interested in joining or getting involved, notify the Secretariat.
Thank you to our members from co-chair C40 Cities Finance Facility for leading the group over the past few months, and welcome to FELICITY as the group's new leader until June 2020, followed then by FMDV.
Financial Toolbox Action Group
The Financial Toolbox action group held its launch call on 3rd February with representatives from 11 member organizations attending. The call focused on member expectations and activities for the group for 2020. 

The group proposed developing an analysis on aggregating mechanisms for municipal climate-related projects, including providing a common understanding of aggregation, capturing the landscape of players, and defining the key building blocks that make aggregation work.

What's next? 
  • The Secretariat is producing a concept note for the action group's major output(s) based on members' suggestions and comments. A draft has been circulated for members' feedback by 13 March.
  • Co-chairs for the group are being selected, ideally from different constituent groups.
  • The next meeting will be held around the end of March. If you are interested in joining or getting involved, please notify the Secretariat.
Enabling Frameworks Action Group
The Enabling Frameworks action group held its launch call on 9 January. The call focused on member expectations and possible activities for the group for 2020.

What's next? 
  • The Secretariat is better defining the possible activities that could fit within this action group based on member suggestions.
  • A policy brief on National Development Banks is being developed and reviewed, as a possible area for activity and input by the action group.
  • The next meeting will be held during w/c 16 March. If you are interested in joining or getting involved, please notify the Secretariat.
Members' News & Resources
UNEP, Green Finance Platform
The Green Finance Measures Database is a library of policy and regulatory measures across 60 developed and developing countries that support the development of green finance.
View the database here
ICLEI, UN-Habitat
A newly launched Financial Toolkit provides local and regional governments an overview of possible financing mechanisms, guidance, and training materials.
View the toolkit here
CDP
CDP recognized 105 cities around the world in its "Cities A List 2019" for taking effective and transparent action to combat climate change.
View the list of cities here
World Bank
A new book, 'The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces', explores innovative strategies for cities to plan, finance, and manage both government-owned and privately-owned public space assets.
Download the book here
Member Spotlight
In this new section, we will be featuring Alliance members and the leaders who are driving their work and mission. For this inaugural edition, we spoke to Eugenie Birch, the leader of new Alliance member PennIUR. 
This above shows a panel on Financing and Implementing the SDGs at WUF10. Pictured (left to right) Mauricio Rodas, Penn IUR/Perry World House/Kleinman Center; Victor Pineda, World Enabled; Alice Charles, World Economic Forum; Hazem Galal, PwC; Eugenie Birch, PennIUR; Nicolas Buchoud, Renaissance Urbaine; Aziza Akhmouch, OECD.

Eugenie L. Birch, PennIUR

Eugenie is the Lawrence C. Nussdorf Professor of Urban Research, and co-Director of the Penn Institute for Urban Research (PennIUR). 

Tell us about your organization and its goals.

The Penn Institute for Urban Research (PennIUR), a university-wide subsidiary of the University of Pennsylvania, Philadelphia, PA, USA, is dedicated to advancing cross-disciplinary, urban-focused research, instruction, and civic engagement on issues relevant to cities around the world. As the global population becomes increasingly urban, understanding cities is vital to informed decision-making and public policy at the local, national, and international levels.

What activities/initiatives related to cities climate finance are you currently engaged in or planning?

Working with Mauricio Rodas, the immediate past mayor of Quito, Ecuador, we created and delivered a new class, “Introduction to International Development: Financing Cities,” open to advanced undergraduate and graduate students at the University of Pennsylvania. Among the enrollees are students from city planning, architecture, and historic preservation from the Weitzman School of Design and students from the Huntsman Program in International Studies from the Wharton School. The students have produced a draft Climate Resilient Infrastructure Finance Taxonomy, and launched a pilot website with PennIUR Researchers.

Mauricio and I are also leading a research initiative around the City Climate-Resilient Infrastructure Finance involving faculty and researchers in three university centers, PennIUR, Perry World House (international center) and the Kleinman Center for Energy Policy.  This initiative has two parts:

  1. Additional detailing of the Climate-Resilient Finance Taxonomy;
  2. Initiated the creation of a mayors’ guidance effort to provide advice on preparations to work with project facilitation facilities with a pilot study in Freetown, Sierra Leone, and plans for two others – one in Latin America and a second in Asia – to detail conditions in other regions.

We have publicized this work in various convenings and among different groups. For example, we discussed it at the World Urban Forum 10 in Abu Dhabi in February. We have also shared it with the World Economic Forum’s Global Future Council on Cities and Urbanization in its regular meetings, and will present it at the council’s meeting at MIT in April. We have also shared it with the planning committee for the U-20 convening to take place next October. We are currently planning a convening in Washington, D.C. in conjunction with the Cities Climate Finance Leadership Alliance to discuss the results of the research projects (tentatively on 24 April 2020).

Read the full Member Spotlight piece here

Recent Events Recap
WUF10 (Abu Dhabi) - The Alliance hosted a side event on climate finance investment for facilitating better project preparation. The panel featured speakers from C40 Climate Finance Facility, EIB, World Bank, Meridiam, ICLEI Africa, and GIZ.
World Climate Summit 2019 - The Investment COP (Madrid) - CPI as the Alliance Secretariat moderated an engaging discussion on "Climate Finance for Cities: Moving from project ideas to finance-ready low carbon infrastructure investments." The panel brought together leaders from diverse stakeholder groups, including IFC, IIGCC / PKA, BMZ, City of Chefchaouen (Morocco), EIB, and Rwanda Green Fund.
Marrakech Partnership for Global Climate Action (London) - Representatives from Alliance member organizations attended the strategy and planning meeting for the Marrakech Partnership. The meeting, organized by UNFCCC, focused on scaling up global climate action, and how Parties and non-Party stakeholders can better collaborate in the lead up to COP26. 
Upcoming Events
10 March - Sustainable Investment Forum EuropeParis, France
20 - 24 April - Africa Climate Week, Kampala, Uganda
26 - 28 May - Innovate4Climate, Barcelona, Spain
3 - 5 June - Daring Cities 2020, Bonn, Germany
28 - 30 June - P4G Summit, Seoul, South Korea
5 - 9 July - World Cities Summit, Singapore
6 - 10 July - Latin America & the Caribbean Climate Week, Santo Domingo, Dominican Republic


ALL DATES ABOVE SUBJECT TO CHANGE - please refer to links
Please send any suggestions or submissions for the next newsletter to Kristiina at kristiina.yang@cpiclimatefinance.org
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