The money trail: how European cities are rewriting climate finance
Author: Barbara Jarkiewicz Across the continent, cities know their climate plans far outstrip their budgets. Facilitated by NetZeroCities, many participating cities acknowledge that municipal coffers can typically cover only a fraction of what is needed to deliver climate neutrality, often closer to a fifth than to half once the full cost of transforming buildings, transport and energy systems is on the table. That gap will not close through grants and city budgets alone. Cities understand that this demands new financial mechanisms and coalitions between public authorities, private investors, citizens and European institutions, and that is exactly what is starting to take shape. In the past two [...]

