Climate Mitigation Policies

An increasing number of cities and local governments adhere to transnational initiatives on climate change mitigation, but quantification of their contribution to the Paris Agreement commitments is lacking. To address this, the climate mitigation trajectory to 2050 of Covenant of Mayors (CoM) signatories has been studied. As of October 2017 there are more than 7600 signatories covering 238 million inhabitants, mainly from European cities. Of these 533 have already reported on the implementation of their climate action plans and 207 signatories have declared a long term target beyond 2020.
Urban areas account for 70% of carbon emissions, and are likely to be the locus of attention to reduce future emissions in developing countries. However, only a small share of Clean Development Mechanism (CDM) projects under the Kyoto Protocol and only 30% of public climate finance is invested in urban areas. One of the main reasons is that most urban climate change mitigation projects rather provide development than climate benefits, so the question is whether alternative mechanisms can mobilize urban mitigation projects.