Changing Planet

New Report Shows Cities Realize Economic Benefits of Taking Actions to Protect Against Climate Change Impacts

Today, C40, its partner CDP and AECOM released Protecting Our Capital, a new report that highlights the risks climate change poses to businesses in cities – and shows how city government climate adaptation actions are contributing to business resilience.

Of the 207 cities surveyed in the report, 75 percent report that climate change impacts threaten the stability of their local economies. However, more than 75 percent of cities also recognize there are financial benefits in taking action to minimize the impacts of climate change.

The C40 continues to partner on these types of essential reports to better inform the global dialog on these critical issues. Reports like this one also help shape the work of the organization and the efforts of our member cities. Sharing and analyzing information on this issue is of increasing importance for C40 cities, who benefit from understanding the best practices and experiences of other cities in order to improve their own sustainability programmes and target climate change adaptation actions.

“The need to understand and act upon climate risk is a growing priority,” said Kerem Yilmaz, C40 head of research. “That’s why these cities are taking steps right now to help create more climate-resilient communities, economies and infrastructure.  Their commitment to measuring and reporting on this critical issue is accelerating action by enabling cities to identify common challenges and work together to spur and implement solutions.”

To read the full report, click here.

To read the press release, click here.

The C40 Cities Climate Leadership Group (C40) is a network of large and engaged cities from around the world committed to implementing meaningful and sustainable climate-related actions locally that will help address climate change globally. Recognizing that cities consume over two-thirds of the world’s energy and account for more than 70% of global CO2 emissions, our organization’s global field staff works with city governments, supported by our technical experts across a range of program areas to reduce carbon emissions and increase energy efficiency in large cities across the world. The current chair of the C40 is Rio de Janeiro Mayor Eduardo Paes, and 108th Mayor of New York City Michael R. Bloomberg is President of the Board. The Steering Committee includes: Berlin, Buenos Aires, Copenhagen, Hong Kong, Houston, Jakarta, Johannesburg, London, Los Angeles, Rio de Janeiro, Seoul and Tokyo.

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