Open Photo Details

Penn IUR celebrated 2024 Urban Leadership Award Winners Andrew Melnik, Lauren Sorkin, Jaime Pumarejo at ceremony in April.

Eric Sucar
Current

City Climate-Resilient Infrastructure Financing Initiative (C2IFI)

C2IFI is an initiative of Penn IUR and Perry World House to enable mayors to create inclusive and prosperous cities by locking in climate-resilient infrastructure investments that yield economic, social and environmental benefits for decades.

Open Photo Details

Penn IUR celebrated 2024 Urban Leadership Award Winners Andrew Melnik, Lauren Sorkin, Jaime Pumarejo at ceremony in April.

Eric Sucar
Current

City Climate-Resilient Infrastructure Financing Initiative (C2IFI)

C2IFI is an initiative of Penn IUR and Perry World House to enable mayors to create inclusive and prosperous cities by locking in climate-resilient infrastructure investments that yield economic, social and environmental benefits for decades.

Luke Campo with Eugenie Birch against a cityscape on an overcast day

Luke Campo with Eugenie Birch

About the City Climate-Resilient Infrastructure Financing Initiative

The City Climate-Resilient Infrastructure Financing Initiative (C2IFI), now in its 4th year, delivers evidence-based policy analysis, research, and expert convenings to accelerate reform and increase capacity for climate-resilient infrastructure finance in cities. 

Cities are responsible for 70% of world GDP and produce 75% of greenhouse gas (GHG), yet only 7-8% of the annual global climate finance directly reaches cities. Without increasing climate-resilient infrastructure investments in cities, countries will not achieve their climate, biodiversity, equity, and prosperity goals--including their commitments to the Paris Agreement. 

Vision

Equip cities with new instruments, mechanisms, and partnerships with the private sector to collectively pilot and pursue solutions that will allow cities to thrive, not just survive, the impacts of a changing climate. In so doing, cities will contribute to the achievement of their nations' NDCs and the Paris Agreement. 

Meeting the Challenge

The lack of data about the supply and demand for urban mitigation and adaptation projects is a significant information gap that stymies efforts to increase funding urban programs at every scale. In particular, cities struggle with funding pathways that can simultaneously target GHG reduction and increase the resilience of billions of urban residents to the negative impacts of climate change, pollution, and biodiversity loss. The absence of data weakens country-level data and global statistical systems and political will to increase financing flows to cities. 

The global financial systems are also undergoing substantial reforms and transitions to improve climate, biodiversity, and resilience financing pathways, including catalyzing greater direct investment in cities. This upcoming year presents an urgent window of opportunity to engage with experts and decision-makers to improve the enabling environments for urban climate finance and resilience solutions. 

Together with our partners, we are building an open source knowledge-sharing platform that will enable mayors, city officials and municipal stakeholders to:

  • Understand the current landscape of climate-resilient infrastructure finance for cities: the players, finance instruments and funding models;
  • Explore and evaluate best practices, innovation case studies and other research in climate-resilient infrastructure finance;
  • Demonstrate an interest in urban issues.
  • Access the full range of financing opportunities

C2IFI is also developing a series of briefs with policy recommendations and strategies to enhance climate-resilient infrastructure financing at the city level. 

Read the C2IFI Project Brief