In December 2017, the Global Covenant of Mayors issued a Call for Vertical Integration of Local Authorities in national climate investment plans, building on the need to show the importance of cities as economic actors contributing to the climate finance opportunities latent in the Paris Agreement.
Spearheaded by Global Covenant of Mayors Board Member and Mayor of Quito Mauricio Rodas in collaboration with the Mayors of Buenos Aires, Medellin, Mexico City and Sevilla, the effort underlines the need to provide pathways for active participation and engagement of subnational governments in the formulation of national climate investment plans in line with the Paris Agreement – NDC Investment Plans – and accelerated tracks for sub-sovereign financing for Latin American cities. This coalition is therefore calling for a demonstrative flagship pilot with a focus on rolling out low or zero emission measures in urban historic centers, vital emblems of Latin America historic and cultural roots. These mayors aim to work with city networks and financial institution partners to release demonstrative Vertically Integrated NDCs Investment Plans in 2018.
About Global Covenant of Mayors
TBC Seville, Spain