Full Title: How US Cities are Finding Creative Ways to Fund Climate Progress
Author(s): Caroline George, Joseph Kane, and Adie Tomer
Publication Date: February 22, 2023
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Even as the international community coordinates global climate action through the Paris Agreement and the U.S. government makes strides through major bills such as the Inflation Reduction Act, there is plenty that cities must still do on their own to clean up their economies and built environments. One of the most frequent approaches are decarbonization plans, which are often nested within larger climate action plans. Decarbonization plans outline specific steps cities will take to eliminate greenhouse gas (GHG) emissions from their electricity systems, buildings, transportation networks, and related sectors.
This report summarizes specific funding and financing policies found in 50 cities to provide a glimpse into the variety and scale of local climate finance innovations. While not comprehensive, the examples in this piece offer a kind of early roadmap for any city looking to commit to genuine climate action and make the most of coming federal climate investments.