Urban centres need new funding models to be in the
vanguard of the battle against climate change
Cities are major contributors to climate change, consuming over
65% of global energy and producing more than 70% of greenhouse gas
emissions worldwide. In addition, density, growing populations and
a lack of green spaces make cities especially vulnerable to climate
change. Hence, it is no surprise that urban hubs are a focal point
for policymakers attempting to address climate change and improve
living conditions.
The EU has just launched a new mission to deliver 100
climate-neutral and smart cities by 2030 (
Cities Mission). These cities will act as innovation hubs for
the EU-wide commitment to climate neutrality by 2050. The Cities
Mission's climate neutrality plans cover areas such as energy,
buildings, waste management and transport. The Cities Mission will
also provide technical and regulatory assistance as well as funding
for research and innovations of around
