BwB, as the lead financial entity of the NZC project, was involved in the first city panel along with other project partners to present the proposed Investment Plan Framework in support of city wide capital planning towards climate neutrality.
Given the scale of the financial challenge to achieve Net Zero, the purpose of the Investment Plan is to facilitate sufficient scale of capital to flow towards the implementation of activities to achieve climate neutrality. The plan will provide the city and stakeholders with an overview of the cost to achieve the required impact, incorporating various aspects into the planning process, including policy and risk analysis.
Having presented the Framework to a number of EU financial institutions, it was very valuable to hear some of the challenges by more than 40 cities to develop such a framework. We will continue to work both with financial institutions and city stakeholders to ensure delivery of impact through capital.