Press Releases

World’s Cities Seek Record $105 Billion for Climate Projects

World’s Cities Seek Record $105 Billion for Climate Projects

CDP analysis shows amount needed to fund urban climate infrastructure projects leaps from $86 billion in 2024 to $105 billion in 2025 Green infrastructure and nature-based solutions are the fastest growing sectors more than quadrupling between 2020 and 2024. London, 3 November 2025: For the first time, the world’s cities are seeking more than $100 … read more
Winners Announced at the 2025 AI x City Climate Action Hackathon at Climate Week NYC Hosted by the Global Covenant of Mayors and NY Climate Exchange

Winners Announced at the 2025 AI x City Climate Action Hackathon at Climate Week NYC Hosted by the Global Covenant of Mayors and NY Climate Exchange

Two Teams Awarded for Transformative AI-Powered Urban Climate Solutions New York City, New York (September 23, 2025) — The Global Covenant of Mayors for Climate and Energy (GCoM) has unveiled the winners of the 2025 AI x City Climate Action Forum and Hackathon, held during Climate Week NYC in partnership with the New York Climate … read more

2025 AI x City Climate Action Hackathon at Climate Week NYC for Urban Climate Solutions, Hosted by the Global Covenant of Mayors and New York Climate Exchange

2025 AI x City Climate Action Hackathon at Climate Week NYC for Urban Climate Solutions, Hosted by the Global Covenant of Mayors and New York Climate Exchange

Two winning teams to be announced at the forum, unveiling AI-powered solutions that can transform energy access and accelerate city-led climate action. New York City, New York (September 17, 2025) — On September 22, the Global Covenant of Mayors for Climate and Energy (GCoM) and The New York Climate Exchange (The Exchange) will host the … read more

Morocco Takes the Lead in Unlocking Urban Climate Finance

Morocco Takes the Lead in Unlocking Urban Climate Finance

Chefchaouen Local Climate Finance Forum calls for scaled, urgent, and people-centered investment to deliver local climate solutions Chefchaouen, Morocco (9th July, 2025) – The City of Chefchaouen hosted a high-level event on Urban Climate Finance on July 8 and 9, convening national and local leaders, international institutions, and Multilateral Development Banks (MDBs) to spotlight the … read more

AS THE NEW CO-CHAIR OF THE GLOBAL COVENANT OF MAYORS, EUROPEAN COMMISSION EVP TERESA RIBERA WANTS TO STIMULATE AND SUPPORT MORE CLIMATE AMBITION AND RESILIENCE OF CITIES 

Teresa Ribera, Executive Vice-President of the European Commission for Clean, Just and Competitive Transition Appointed the Newest Co-Chair of the Global Covenant of Mayors to Provide Strategic Direction for Cities and Initiatives Brussels, Belgium (30 April 2025) – Today, during the Global Covenant of Mayors for Climate & Energy (GCoM) Board Meeting, GCoM was delighted … read more

PAVING THE WAY TO COP30: MULTILATERAL DEVELOPMENT BANKS ADVANCE PLANS TO SCALE SUSTAINABLE INVESTMENT IN CITIES

MDBs discussed how to scale up climate adaptation investment to most affected countries, regions and cities during the World Bank Spring Meetings Washington, DC, United States (28 April 2025) - Multilateral Development Banks (MDBs) convened to discuss plans to scale up and improve access to climate finance for cities. The roundtable “Scaling Sustainable Investment in Cities: … read more
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