The world’s cities could save nearly $17 trillion between now and 2050 by adopting a variety of carbon-cutting strategies like improving public transit and investing in efficient lighting and heating systems, according to a report by The New Climate Economy.
“The report recommends that cities make commitments to undertake these carbon-saving initiatives by 2020. On the national level, countries should implement support structures that incentivize city-wide efforts to reduce emissions. And on the international level, at least $500 million should be made available for cities to expand existing efforts to tackle climate change. The international community will be key in helping cities in developing nations find the capital they need to make these changes — investing in improving the creditworthiness of these countries, for instance, can help them raise needed funds.”
The report, Accelerating Low-Carbon Development in the World’s Cities, can be found here