Funding the transition to sustainable cities
Local governments are equal partners and stakeholders in climate projects and policies, noted Maty Mint Hamady, President of the District of Nouakchott, Mauritania. Her district focuses on the following pillars: energy access, climate adaptation, access to finance, identification of potential solutions and the implementation of ecological models.
How much is needed to fund the urban transition toward more sustainable cities? About 2 billion dollars, only about 5 percent of which will come from public funding. FMDV has outlined a strategy to mobilize finance from public and private sources. Matchmaking among cities and communities is also part of the vision.