1 year ago

Climate Action 2014-2015


RESILIENT CITIES WORLD CITY DATA The SCI is in the process of creating snapshots of green building in 70 cities to provide local policy-makers with up-to-date market data about the green building market, covering green building policies, statistics and identifying market and policy gaps. The City Market Briefs are an important reference for city policy-makers and the local development industry to gain an instant understanding of the ‘state of play’ about green building in that city – and to be able to make comparisons with other cities. district assessment and project definition, followed by a framework for ongoing district management and performance monitoring. And while such tools are becoming more prevalent around the world, supporting guidance remains a critical gap. In response, the World Green Building Council has compiled case studies of cross-sector collaboration that address fragmentation and mainstream sustainable business practices. A New Era in Building Partnerships provides successful case study examples of collaboration – from Colombia to France, and from Israel to the UK – to demonstrate how government and industry can work together. (See activities/building-policy-partnerships.) GOLDEN OPPORTUNITIES Although the challenges that face each city may vary, many of the underlying issues remain the same. Opportunities to understand different perspectives and build trust are golden, as we work together to create a better future. Finding these common threads among our diverse stakeholder groups provides leverage, as we seek to collaborate for greater impact. As the green building movement has matured, we can recognise that a ‘silo’ approach to sustainability misses many opportunities. Expanding our focus enables us to embrace those opportunities – but also presents many new challenges, requiring collaboration between more people and more disciplines. Providing collaborative networks and practical tools can help us to break down the barriers to better cities. The bottom line is simple. The complexity of the challenge facing our cities is beyond any single government, any single sector or any single discipline – it requires global partnerships and global solutions. Jane Henley is the Chief Executive Officer of the World Green Building Council, a role she assumed in February 2010. Previously, Jane was the founding Chief Executive Officer of the New Zealand Green Building Council, which she helped establish in 2005. She has also been on the boards of the WorldGBC and NZGBC. Jane sits on a number of boards, is an active speaker and is passionate about business leading change. She is committed to driving market transformation that is underpinned by sound economic practices that simultaneously deliver financial, social and environmental benefits. The World Green Building Council (WorldGBC) connects a global coalition of more than 100 national Green Building Councils and their 27,000 member companies with a single mission: to transform the building industry and ensure our buildings and cities are healthy, efficient, productive and sustainable. (See National GBCs can partner with interested C40 cities like Bogotá, Colombia to provide guidance and expertise for local redevelopment projects 106

GOTHENBURG – GREEN BONDS BRING CLIMATE-SMART SOLUTIONS Gothenburg has transformed itself from a heavily industrialised city with all the environmental problems to a city today renowned for its world-class green systems solutions. Now Gothenburg is taking a further step forward with the introduction of green bonds, a financial instrument for environmental investments. “We’ve been working with environmentally sustainable solutions for a long time now and have gone from major issues to working today with the most stringent of environmental objectives. We’ve made a lot of progress and we’ve invested heavily in district heating and energy-efficient buildings, for example, which has reduced our impact on the environment,” says Anneli Hulthén, chairman of Gothenburg Municipality’s executive board. “We currently have a range of effective systems solutions, and through green bonds we can continue to invest in climatesmart solutions. We invite others to come to Gothenburg and see our solutions for themselves,” continues Hulthén. Many people have already accepted this invitation: every year decision-makers from cities and businesses facing major environmental challenges come to Gothenburg to see what the city has achieved. They’re mainly interested in "Every year decisionmakers from cities and businesses facing major environmental challenges come to Gothenburg to see what the city has achieved." systems solutions around energy, waste, sustainable urban development and transport but they are also keen to meet the companies behind the solutions. TARGETED INVESTMENT One way of financing these climatesmart projects is through green bonds, i.e. bonds which are earmarked for different environmental projects. The City of Gothenburg is the first city in Scandinavia to introduce this financial instrument. In September 2013 it issued green bonds with a value of SKr500 million, and in June 2014 issued a further SKr1.8 billion worth of bonds. “The introduction of green bonds is designed to attract investors with an environmental profile. And we also want to highlight the environmental projects that are under way in Gothenburg,” says Magnus Borelius, Head of Treasury at the City of Gothenburg. “There’s a great deal of interest from investors, both in Sweden and abroad. Green bonds offer the same return as other bonds with similar conditions but, at the same time, they help create a better environment and raise awareness of climate-related challenges and solutions. This is a really great achievement. And it also gives other cities something to aim for,” says Borelius. 107