Climate change and the unprecedented growth of cities, especially in emerging economies and developing countries, require increased investments in sustainable infrastructure projects that reduce greenhouse gas (GHG) emissions.
Yet, cities face significant barriers to prepare bankable projects, secure finance and implement such projects.
To address these challenges the Financing Energy for Low-carbon Investment - Cities Advisory Facility (FELICITY) provides advisory services and capacity building tailored to the needs of municipalities and financial intermediaries in Brazil, Indonesia, China and Mexico.
The city plans to upscale the installation of rooftop photovoltaic systems at municipal public schools and building renovation measures to reduce energy expenditures by using the Brazilian net metering regulation.
The state development agency for this metropolitan region intends to integrate eight municipalities into one public transport system and to renew their bus fleet, in part, with zero-emission vehicles.