Establishing a roadmap for three concrete public-private investment schemes
Local governments play an important role in connecting the dots and accelerating climate finance opportunities. They account for the majority of public sector investments and many cities have set ambitious climate targets.
The City of Copenhagen leads the project together with Climate KIC, but more stakeholders will be enrolled.
The purpose of this feasibility study about ‘Combined Investments Models for Urban Sustainability’ is to establish a roadmap for three concrete public-private investment schemes, that support urban climate initiatives in the City of Copenhagen and as an inspiration for other cities.
The aim of the project is showcase how city governments can draw on financial institutions to reach the required levels of investment to obtain their climate targets. Two of Copenhagen’s main challenges are reducing the CO2 emission from mobility and energy consumption, and there is a need to think in new methods to achieve this. Therefore Copenhagen will work with new business models and financial instruments that can stimulate the private market, and promote solutions on green mobility and energy retrofitting.
This pathfinder project will demonstrate the potential for accelerating three new successful international solutions, which have potential for implementation in Copenhagen and Denmark.It is the hope that Copenhagen can test, validate and hopefully implement the three cases.
The City of Copenhagen will develop a report in the end summarizing the learning’s and replicability for other cities.
Klaus BundgaardCity of Copenhagen
Civil Engineer in sustainable urban development, and further specialized in how cities can reduce their CO2-emissions. Within the City of Copenhagen he is located in the climate secretariat, working with the CPH2025 Climate Plan targeting CO2-neutrality by 2025. Formerly Klaus has worked with energy related projects in the Energy Cluster Zealand (now a part of GATE21).