Skip to content
  • About
  • Partner with Us
  • Indonesia
Primary Menu
  • Home
  • Topics
  • Latest
  • News
  • Press Release
  • Brief
  • Interview
  • Figure
  • Opinion
  • Community
  • Youth
  • SDGs
  • Event
  • Training
  • Featured
  • News

Investing $1 Billion in Climate Action Projects in the Global South

C40 recently announced new partnerships that would put over $1 billion into climate action projects in the Global South.
by Nazalea Kusuma November 2, 2022
person magnifying view of coins shaped in world map

Photo by Monstera on Pexels.

The climate crisis affects us all, but not equally. Sometimes, those least responsible for it are those most impacted. Research has revealed a big gap in climate science development between the Global North and South, and this is mirrored in climate actions.

C40 and Climate Actions

C40 is a network of mayors worldwide committed to tackling the climate crisis. With a collaborative and science-based approach, C40 cities aim to help limit global heating to 1.5°C while building resilient, healthy, and equitable communities. It has nearly 100 member cities, including Dubai, Singapore, Jakarta, Sydney, Beijing, Tokyo, and others.

C40 cities are committed to halving their emissions by 2030. To achieve this, one of the priorities is allocating investment into urban climate action projects, especially in the Global South. In 2022, C40 has spent two-thirds of its budget to do just that.

Climate Action Investment in the Global South

In October, C40 announced new partnerships that seek to accelerate impacts in the Global South. These partnerships, with the German Agency for International Cooperation (GIZ) and other partners, are expected to generate over $1 billion of funding. This fund will go to 34 climate action projects across the Global South.

So far, the C40 Cities Finance Facility (CFF) has supported 20 projects in 17 cities that would help reduce approximately 2.5 million tons of emissions. C40 just added 15 multi-sector projects from 13 cities in the Global South that would be funded by the UK, German, and French governments:

  • Mobility: Freetown, Lima, and Rio de Janeiro
  • Buildings and Energy: Bogotá, Cape Town, Dakar, Jakarta, Kuala Lumpur, and Mumbai
  • Adaptation and Nature-Based Solutions to Global Heating: Cape Town, Drakenstein, Kuala Lumpur, Medellín, and Salvador
  • Waste Management: Accra

In Africa, C40 partners with the African Development Bank (AFDB) to develop climate-smart infrastructure projects paced and scaled to meet climate goals. Additionally, they will also create a Chief Finance Officer (CFO) Network for African Cities to empower their climate actions.

Collaborative Investments and Actions

World leaders will convene at COP27 on November 6-18 in Egypt. Financing developing countries’ climate change adaptation was one of the key issues discussed at last year’s COP26. Yet, climate justice is still far from reality.

The newly announced investments by C40 and partners demonstrate that cross-sectoral, multi-stakeholder collaborations are possible. Perhaps, mobilizing public-private partnerships at a global scale would be key in improving our efforts to tackle climate change challenges and turn the tide just in time.

Thank you for reading!
If you find this article insightful, subscribe to Green Network Asia’s Weekly Newsletter to stay up-to-date with sustainable development news and stories from multistakeholder communities in the Asia Pacific and beyond.
SUBSCRIBE NOW
Photo Profile Nazalea Kusuma
Nazalea Kusuma
Editor at Green Network | Website | + posts

Naz is the Manager for International Editorial at Green Network Asia. She once studied Urban and Regional Planning and has lived in multiple cities across Southeast Asia. She is an experienced and passionate writer, editor, translator, and creative designer with almost a decade worth of portfolio.

  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    The 2023 Global Sustainable Development Report: Accelerating capacity building for sustainable development
  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    How Consumers and Companies Move Toward Sustainable Packaging
  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    5 Things Cities Can Do to Fulfil Your Right to Clean Air
  • Nazalea Kusuma
    https://greennetwork.asia/author/nazalea/
    Gender-Responsive Policy to Empower Women in Uzbekistan's Forest-Dependent Communities

Continue Reading

Previous: How ASEAN Countries Can Provide Inclusive Education for Children with Disabilities
Next: Improving People, Animals, and Environment Health Through One Health Approach

Related Stories

an aerial photo of trucks in the middle of sand field UNEP Report Shares Recommendations to Improve Sand Sustainability
  • Featured
  • News

UNEP Report Shares Recommendations to Improve Sand Sustainability

by Kresentia Madina September 27, 2023
a woman, Lian Gogali, is wearing a red knitted sweater on top of white outfit while standing in front of a door. Lian Gogali Brings Back Harmony in Poso with Schools of Peace
  • Featured
  • Figure
  • Partner

Lian Gogali Brings Back Harmony in Poso with Schools of Peace

by Abul Muamar September 26, 2023
a hand doing an OK pose against an orange background British Sign Language Added 200 New Environmental-Related Signs to Its Vocabulary
  • Featured
  • News

British Sign Language Added 200 New Environmental-Related Signs to Its Vocabulary

by Kresentia Madina September 25, 2023
a woman, butet manurung, in glasses holding a blackboard with alphabets on it Butet Manurung Provides a Liberating Education for Orang Rimba, the Indigenous People of Jambi
  • Featured
  • Figure
  • Partner

Butet Manurung Provides a Liberating Education for Orang Rimba, the Indigenous People of Jambi

by Abul Muamar September 22, 2023
illustrated cover of the 2023 global sustainable development report The 2023 Global Sustainable Development Report: Accelerating capacity building for sustainable development
  • Brief
  • Featured

The 2023 Global Sustainable Development Report: Accelerating capacity building for sustainable development

by Nazalea Kusuma September 21, 2023
a screenshot of a Zoom meeting consisting of a woman and three men Energy Transition in Indonesia: Exploring the Potential, Progress, and Implications
  • Featured
  • News

Energy Transition in Indonesia: Exploring the Potential, Progress, and Implications

by Kresentia Madina September 20, 2023
  • Latest
  • Popular
  • Partner
  • a man in suit and glasses speaking at the podium with blurry audience in the foreground COP28 President-Designate to UN Climate Ambition Summit: “We are not powerless” to overcome the climate crisis and urges world to “Get after Gigatons”
    • Press Release

    COP28 President-Designate to UN Climate Ambition Summit: “We are not powerless” to overcome the climate crisis and urges world to “Get after Gigatons”

  • a man in suit and glasses speaking at the podium with blurry audience in the foreground COP28 President-Designate to UN Climate Ambition Summit: “We are not powerless” to overcome the climate crisis and urges world to “Get after Gigatons”
    • Press Release

    COP28 President-Designate to UN Climate Ambition Summit: “We are not powerless” to overcome the climate crisis and urges world to “Get after Gigatons”

  • an aerial photo of trucks in the middle of sand field UNEP Report Shares Recommendations to Improve Sand Sustainability
    • Featured
    • News

    UNEP Report Shares Recommendations to Improve Sand Sustainability

  • a woman, Lian Gogali, is wearing a red knitted sweater on top of white outfit while standing in front of a door. Lian Gogali Brings Back Harmony in Poso with Schools of Peace
    • Featured
    • Figure
    • Partner

    Lian Gogali Brings Back Harmony in Poso with Schools of Peace

  • a hand doing an OK pose against an orange background British Sign Language Added 200 New Environmental-Related Signs to Its Vocabulary
    • Featured
    • News

    British Sign Language Added 200 New Environmental-Related Signs to Its Vocabulary

  • The green landscape of Semakau Island in Singapore Semakau Island, the Green Landfill in Singapore
    • Featured
    • News

    Semakau Island, the Green Landfill in Singapore

  • Indonesian spices as cultural heritage Enthusiasts Reclaim Spices’ Cultural Heritage, Launch Spice Hub Indonesia
    • Featured
    • News

    Enthusiasts Reclaim Spices’ Cultural Heritage, Launch Spice Hub Indonesia

  • illustration of National SDG tracker by Unescap UNESCAP Supports “Build Back Better” with the National SDG Tracker
    • Featured
    • News

    UNESCAP Supports “Build Back Better” with the National SDG Tracker

  • Beena Rao and Her Fight for Education for the Children of the Slums
    • Figure

    Beena Rao and Her Fight for Education for the Children of the Slums

  • Muslimat NU of Bojong-Tegal Campaigns Environmental Protection, Reduces Waste Production
    • Featured
    • News

    Muslimat NU of Bojong-Tegal Campaigns Environmental Protection, Reduces Waste Production

  • a woman, Lian Gogali, is wearing a red knitted sweater on top of white outfit while standing in front of a door. Lian Gogali Brings Back Harmony in Poso with Schools of Peace
    • Featured
    • Figure
    • Partner

    Lian Gogali Brings Back Harmony in Poso with Schools of Peace

  • a woman, butet manurung, in glasses holding a blackboard with alphabets on it Butet Manurung Provides a Liberating Education for Orang Rimba, the Indigenous People of Jambi
    • Featured
    • Figure
    • Partner

    Butet Manurung Provides a Liberating Education for Orang Rimba, the Indigenous People of Jambi

  • a woman, Indah Darmastuti, sitting in front of a wall with a mirror hanging on it. Indah Darmastuti Makes Literature More Inclusive for Visually Impaired People
    • Featured
    • Figure
    • Partner

    Indah Darmastuti Makes Literature More Inclusive for Visually Impaired People

  • a man with phocomelia in blue t-shirt sitting on a wheelchair in front of a painting Agus Yusuf Aspires to Open an Inclusive Art School for Artists with Disabilities
    • Featured
    • Figure
    • Partner

    Agus Yusuf Aspires to Open an Inclusive Art School for Artists with Disabilities

  • a man, Kristopel Bili, wearing a cap, t-shirt, and a blue scarf Kristopel Bili Looks After Sumba’s Forests and Culture through Literature
    • Featured
    • Figure
    • Partner

    Kristopel Bili Looks After Sumba’s Forests and Culture through Literature

About Us

  • About
  • #LetterfromtheFounder
  • The Team
  • Advisory Network
  • Youth Advisory Network
  • Contributor Network
  • Press Release Guidelines
  • Op-ed Article Guidelines
  • Community Article Guidelines
  • FAQ
  • Contact Us
  • Terms of Service
  • Privacy Policy
  • Telegram
  • Etsy
  • Tokopedia
  • Media Link 11
  • Media Link 12
  • Media Link 13
  • Media Link 14
  • Media Link 15
© 2023 Green Network Asia