Preliminary estimates show that cities and regions were responsible for 55 percent of spending and 64 percent of investment in selected sectors that have a direct implication for climate change over the period 2000-2016 in 30 Organisation for Economic Co-operation and Development (OECD) countries. With high levels of inequality in many cities, the success of the transition will depend on the ability of subnational governments to engage in a “just” transition. The investment choices we make in the coming years will either lock in a climate-compatible, inclusive growth pathway or a high-emission, inefficient, and unsustainable pathway for decades to come. Cities and regions are significant contributors to spending and investment related to climate mitigation and adaptation.
This study from the OECD focuses on how national and subnational governments can align subnational financial flows to transition towards low-emission, resilient, and inclusive cities.
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In recent decades, Alberta has experienced significant changes in its climate as well as its economy, population and environment. Provincial mean annual temperatures are increasing and are projected to continue to rise in the coming decades—potentially by 2.0°C by the 2030s and 4.0°C by the 2060s (compared to the 1990s)...
