{"id":131978,"date":"2024-06-27T07:45:51","date_gmt":"2024-06-27T04:45:51","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/new-finance-hub-to-support-ambitions-of-pioneering-cities-in-climate-mitigation-and-adaptation\/"},"modified":"2024-06-27T07:45:51","modified_gmt":"2024-06-27T04:45:51","slug":"new-finance-hub-to-support-ambitions-of-pioneering-cities-in-climate-mitigation-and-adaptation","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/new-finance-hub-to-support-ambitions-of-pioneering-cities-in-climate-mitigation-and-adaptation\/","title":{"rendered":"New finance hub to support ambitions of pioneering cities in climate mitigation and adaptation"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/131978\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nThe Commission is setting up a new Climate City Capital Hub, an international finance resource to further support cities participating in the EU Mission on Climate-Neutral and Smart Cities. Thanks to the new hub, cities that have already received the EU Cities Mission Label will be able to:<\/p>\n<ul>\n<li>Access financial advice in cooperation with advisory services of the European Investment Bank (EIB);<\/li>\n<li>Structure their financial needs so they understand various ways of funding projects, including pooling of projects; and<\/li>\n<li>Introduce projects to a range of capital providers, including lenders and investors from the public and private sectors (such as philanthropic and corporate capital, as well as innovative financing like crowdfunding and sustainability-linked bonds), and support the process to deal closure.<\/li>\n<\/ul>\n<p>Complementing EIB services, the Climate City Capital Hub will be created with the support of both the EU Mission on Climate-Neutral and Smart Cities Mission and the EU Mission on Adaptation to Climate Change. Its particular focus will be on engagement with private capital. For cities that signed both the Charter of the Mission on Climate Adaptation and have received the EU Cities Mission Label, the services will cover both mitigation and adaptation projects, taking a holistic approach to tackle climate change.<\/p>\n<p>The hub will be run by the Commission&#8217;s Cities Mission implementation platform, which is currently managed by the project NetZeroCities. The Commission announced its creation at the 2024 Cities Mission conference held in Valencia on 25 and 26 June. In addition, the EIB has earmarked a lending envelope of \u20ac2 billion dedicated to cities with the Cities Mission Label to support their plans to invest in energy, efficient buildings, district heating systems, renewable energy, sustainable mobility, urban renewal and regeneration, water and social infrastructure. It reinforces the EIB support to labelled cities and adds a dedicated finance facility to advisory services.<\/p>\n<p><em>Next Steps<\/em><br \/>\nSo far, 33 cities have been awarded the Label of the EU Mission for Climate-Neutral and Smart Cities: 10 in October 2023 and 23 in March 2024. The label is an important milestone in the cities&#8217; work. It acknowledges successful development of Climate City Contracts, which outline the cities&#8217; overall vision for climate neutrality and contain an action plan as well as an investment plan. Cities co-create their Climate City Contracts with local stakeholders including the private sector and citizens. From the 33 Investment Plans that have been submitted so far, approximately \u20ac114.1 billion have been budgeted for climate actions \u2013 on average \u20ac3.6 billion per city. Currently, the Commission is reviewing another 23 Climate City Contracts.<\/p>\n<p>In parallel, the EU Mission for Climate-Neutral and Smart Cities has also collected more than 200 solutions that will help cities on their way to climate neutrality. The solutions cover from A &#8211; \u201cAdvanced Renovation Support\u201d to Z &#8211; \u201cZero Emission Buses\u201d and can be found in the Knowledge Repository.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_3482\">European Commission<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/new-finance-hub-to-support-ambitions-of-pioneering-cities-in-climate-mitigation-and-adaptation\/\">New finance hub to support ambitions of pioneering cities in climate mitigation and adaptation<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[895,612,555,274,15091],"class_list":["post-131978","post","type-post","status-publish","format-standard","hentry","category-news","tag-city","tag-climate","tag-csr-news-en","tag-eu","tag-france-hub"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/131978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=131978"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/131978\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=131978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=131978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=131978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}