Research

Scaling Up Adaptation Finance: A Cross-Sector Approach to Resilient Infrastructure
As climate change intensifies, cities and communities worldwide face increasing risks to their infrastructure. To address the urgent need for scaling up adaptation finance, the International Coalition for Sustainable Infrastructure (ICSI), in collaboration with the Global Covenant of Mayors for Climate & Energy (GCoM) and the Institution of Civil Engineers (ICE), convened a series of … read more
Sustainable Finance Action and Advocacy: A Roadmap for Global South Cities

Sustainable Finance Action and Advocacy: A Roadmap for Global South Cities

Executive Summary The urgency of sustainable finance for cities in the Global South cannot be overstated, as they face rapid urbanization and increasing climate vulnerabilities. With over half of the global population residing in cities and an even greater share expected to do so over the next three decades—mostly in the Global South—these regions are … read more

Urgent Call from World’s Cities for $86 Billion of Investment in Next Generation of Climate Infrastructure Projects

Urgent Call from World’s Cities for $86 Billion of Investment in Next Generation of Climate Infrastructure Projects

2,508 climate-related projects reported in 611 cities across 75 countries in 2024  Total reported investment needs for projects surged by 23% in 2024, reaching US$86 billion  Nearly half (48%) of projects remain in early development stages, requiring technical and financial support  Top global sectors of projects seeking financing are buildings & energy efficiency, transport and … read more

From Tackling the Energy Crisis to Implementing the European Green Deal: Seizing the Power of Multilevel Governance through Building Retrofits
Delivering the European Green Deal and the 2030 climate and energy targets is not a matter of compliance with a specific piece of legislation but an opportunity to ensure that Europe addresses many challenges at the same time, showcasing leadership towards greater climate ambition that leaves no one behind. This is especially important, taking into … read more

Exploring Urban Climate Finance in the Nationally Determined Contributions (NDCs)
Following a white paper launch at COP28 in collaboration with the United Nations Human Settlements Programme (UN-Habitat) and the United Nations Development Programme (UNDP), the Global Covenant of Mayors and the UNESCO Chair on Urban Resilience at the University of Southern Denmark (SDU.Resilience) have delivered an update to their findings on the urban climate finance … read more

Draft for consultation of Integrity Matters: Greenhouse gas (GHG) Target Setting Guidance for Cities, States, and Regions
Capitalizing on the launch of Integrity Matters for CIties, States, and Regions (IM4CSTARs) at COP28 in Dubai in 2023, the Expert Group convened by GCoM and World Resources Institute (WRI) has published a working draft of Integrity Matters: GHG Target Setting Guidance for Cities, States, and Regions - aiming to present a high-integrity, fair-share approach … read more

City climate ambition could reduce the gap between national commitments and a 1.5oC pathway globally by up to 40%, new GCoM research suggests

Updated projections from the Global Covenant of Mayors (GCoM) in partnership with Arup indicate that – based on current near-term targets and current nationally determined contributions (NDCs) – cities committed to climate action could achieve up to 40% of the global emissions reduction gap between NDCs and a 1.5°C pathway by 2030. This potential – … read more

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