The Global Covenant of Mayors for Climate & Energy announced that the collective impact of current commitments made by cities and local governments around the world have already exceeded 1/3 of global city potential in 2030. To ensure these commitments are met, GCoM is launching groundbreaking measures and tools on data management that will help cities tackling climate change, bringing them closer to reaching the Paris Agreement goals.
Billions of people in thousands of cities around the world will be at risk from climate-related heatwaves, drought, flooding, food shortages, blackouts and social inequality by mid-century without bold and urgent action to reduce greenhouse gas emissions. Fortunately, cities around the world are delivering bold climate solutions to avert these outcomes and create a healthier, safer, more equal and prosperous future for all urban citizens.
Innovate4cities – a Global Climate Action Accelerator – will accelerate climate innovation and reinforce the importance of cities’ needs in national research agendas.
King Philippe of the Belgians, the European Commission Vice President Maroš Šefčovič, the UN Special Envoy for Climate Action Michael R. Bloomberg and other international guests gather to celebrate the establishment of Global Covenant of Mayors for Climate & Energy’s global Secretariat in Brussels, supporting cities around the globe in the fight against climate change.
The Global Covenant for Mayors, the European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank Group announced an Invest4Cities Call to the global investment community worldwide to step up efforts to close the urban green investment gap by mobilizing up to US$ 6 billion from public and private investors – making public funds go further and greener.