OECD COP26 Virtual Pavilion

Financing climate action in cities and regions

Nov 10, 2021 | 1:00 PM - 3:00 PM


Given the urgency of addressing the climate crisis combined with the push towards a post-Covid green recovery, it is more critical than ever for regions and cities to align their budgets with climate objectives and to increase climate-related expenditure and investment, from both public and private sources. The OECD and CCFLA are joining forces for this event to convene national and subnational policy-makers, climate and public finance experts, and private sector stakeholders and leverage their combined expertise in subnational climate finance to tackle these obstacles. Participants will discuss the instruments available at the subnational level, beginning from the budgetary stage, through to the use of green budgeting, until climate finance tracking and accountability practices. The objective of the event is to generate actionable policy advice to mobilise additional private and public finance for subnational climate action, ensure the alignment of these financial flows with global climate objectives, and enhance the potential of subnational actors to become climate leaders.

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