Climate Investment Plan. During 2022, Växjö municipality will begin the development of a climate investment plan based on the knowledge gained from Viable Cities. It will describe in more detail the actions that will need to be undertaken by different players in various sectors by 2030 and will try to put social costs and benefits on it. The climate investment plan can also be helpful in prioritising measures.
Climate Investment Plan. The climate transition will require significant resources, in the form of both new investments and new approaches that will guide investments and business development towards significantly reduced emissions and carbon sequestration. Efforts relating to investments and funding need to be reinforced in order to realise the municipality’s climate goals. This work involves systematically identifying the need for investments from a climate standpoint and ensuring that investments made assist with achieving the climate goals, but also developing sustainable forms of investment and identifying key stakeholders for investments. The municipality also needs to ensure appropriate and resource-efficient management of available funds, as well as facilitating private investments in the climate transition. Climate investments generate socio-economic benefits that result in profits or cost savings for many different stakeholders. There are no forms of dialogue regarding joint investment of funds or allocation of costs for such projects, taking into account the points where benefits and cost savings arise, which means that potential synergies cannot be exploited in a systematic manner. Uppsala has developed a framework for sustainability-linked bonds in order to fund future investments more sustainably, and with a clear structure for reporting the climate performance of these investments. Ownership of the climate transition is also expected to be strengthened throughout the municipal group by linking attainment of the municipality’s climate goals with financial incentives. The municipality intends to: • examine criteria for long-term climate initiatives in the municipality’s goals, budget and investment plans. • develop efforts to describe the socio-economic impact of climate investments. • develop reporting linked to the framework for sustainability-linked bonds.
Climate Investment Plan. Xxxx Municipality sees climate transition as an opportunity for green transition in society and will continue to work on the process of developing a Climate Investment Plan. In sustainable finance, the municipal group develops work on green bonds and sustainable forms of financing, and intends to take the next step in this work during 2023. Xxxx Municipality has received funding from the European City Facility to pro- duce an investment concept for energy and climate investments. The investment concept includes energy efficiency in municipal buildings, innovative district heating systems, biochar, bio-CCS and electric roads.
Climate Investment Plan. The Climate Action Plan 2020–2023 lists proposals for measures to reduce green- house gas emissions, which in many cases require investment. The plan also describes the gap that remains to be addressed after 2023 (“Climate City deficit”). Under the heading The Route to 2040, a large number of areas are listed where investment and ventures are required. The plan also describes the work ahead to reduce the consumption-based emissions caused by the City’s activities. In the area of climate adaptation, there are additional measures for torrential rain and initiatives to counteract the effects of heat waves. The City of Stockholm's climate work is financed through the respective executive committee or company budget, through special climate investment funds that can be applied for by professional administrations and district administrations, and through the agreements the City has signed within the framework of state negotia- tions where the City co-finances regional transport infrastructure. The City is also an active player in seeking external co-financing from both national programmes and from the various EU funds and programmes.
Climate Investment Plan. Xxxx municipality perceives the climate transition as an opportunity for society to undergo a green transition and will be continuing to work on the process of developing a Climate Investment Plan, visualising the costs of the transition and where our resources will have the best impact. When it comes to sustainable funding, the municipal group is developing its work on green bonds and sustainable forms of funding. Xxxx municipality has received funding from the European City Facility in order to develop investment concepts for energy and climate investments. The investment concept includes energy streamlining in municipal buildings, innovative district heating systems, biochar, bio-CCS and electric roads. The municipality will be using the project entitled “Increasing the pace of transition through climate benefit analysis of investments” to integrate practical climate benefit analysis methods into Xxxx’x investment planning and transfer lessons learned to the business sector.
Climate Investment Plan. In order to achieve the municipality's climate goals, the work on investments and financing needs to be strengthened, and Uppsala intends to intensify its efforts in 2022. The work includes systematically identifying the need for investments from a climate point of view and those investments that are made contribute to achieving the climate goals but also to developing sustainable forms of investment and identifying key players for investments. The municipality intends to build on the work started in Viable Cities' joint development project on climate investment plans, where a calculation methodology was developed. It is a question of putting economic value on the climate benefit of the transition and added advantages to create an understanding of how measures contribute to climate and other sustainability objectives. In the long run, the calculations can also contribute to a more sustainable business development. Furthermore, Uppsala will develop a framework for green bonds to finance future investments in a more sustainable way and with a clear structure for reporting the investments' climate performance. A large part of the municipal group's investments is judged to be suitable for so-called green financing, where investors who want to mitigate climate change can contribute to more climate- adapted investment projects. The municipality intends to: • with the support of Viable Cities, develop a climate investment plan with a 2030 perspective. This includes testing the developed calculation methodology to describe the socio-economic effects of climate investments. • develop a framework for green financing that makes it possible to issue own green bonds through the municipality's bond programme.
Climate Investment Plan. Measures and initiatives need to be considered from an economic standpoint as well for the governance of climate and environmental issues to be clear and effective. For the Climate Investment Plan to provide a tool for the transition work being done throughout the municipality, the municipality is intending to test the option of linking it to efforts on the new climate and environment programme. The aim of this is to clarify any investment needed in order to achieve defined goals. Parallel efforts are being made to develop and refine the municipality’s work with green bonds.
Climate Investment Plan. A climate calculation study is being conducted in autumn 2022 with cost and emission calculations linked to the goal of climate neutrality by 2030. The aim of the calculations is to create an up-to-date picture of the current emissions situation and a clear estimate of the total economy of the transition. The focus of the analyses is to produce estimates of investment needs, energy savings and health gains linked to the transport system, buildings, heating and work machinery. The calculations are for all emissions in the municipality, not just emissions from the Municipality’s own operations. These calculations may serve as a basis for future priorities for climate-related measures and for producing a Climate Investment Plan. Funds for environmental and climate-related measures are also regularly sought in other calls, for example from the Swedish Transport Administration for surface water solutions, construction of pedestrian and cycling routes, and other measures promot- ing a sustainable transport system.
Climate Investment Plan. A Climate Investment Plan can provide a cohesive idea of the municipal, regional, national and private actions and investments that will be needed to achieve set goals (ref. VIABLE CITIES REPORT 2021:11). Eskilstuna Municipality has not previously worked with a Climate Investment Plan, but sees it as an opportunity to increase the pace of the climate transition process. To assure the economic perspective linked to the Eskilstuna municipal group plan for the climate, a group will be formed with representation from the Municipality’s Process Management Group for economic aspects. Its remit will be to highlight the economic consequences regarding goals, measures and impacts in the climate plan from an operational perspective. The Municipality intends to: • Increase knowledge regarding Climate Investment Plans, and learn from other Viable Cities projects that already have one in place. • Plan for the next stage of work on a Climate Investment Plan for Eskilstuna Municipality.
Climate Investment Plan. The economic module of the ClimateOS tool has been tested for a number of transition elements in 2023 in order to provide a foundation for climate investments. This module is similar to the tool used in Viable Cities. Eskilstuna’s ambition in 2023 has been to identify what boundaries are needed and the level at which the Climate Investment Plan needs to be in order to contribute anything useful to climate action. This work will be continuing in 2024 and will be concretised as part of the City Journey project, which will be conducted together with the City of Helsingborg, Afry and Climate View. The project granted funding by Viable Cities breaks down the city’s climate goals into the need for attributes and activities in order to achieve the climate goals, and a climate investment plan is devised for selected attributes and/or activities. Climate calculations in decision data for investments in the municipality’s own business premises will be tested and evaluated as part of a pilot project in 2024. The Eskilstuna municipal group works according to a category management model in which the strategically prioritised procurement categories are managed on the basis of a holistic approach which includes both economic and climate goals together with user needs, the maturity of the market and other factors. Carbon calculations and environmental analysis from a climate perspective are key inputs for the work of the category team and also capture climate impact from the agreements and categories with the greatest economic turnover. The municipal group’s consumption- based emissions are monitored from a climate perspective by means of spend data and the procurement authority’s climate templates for various categories. These templates have not been corrected for inflation, and so the analyses are very uncertain. The municipality intends to: • Implement the City Journey project • Conduct a pilot project that focuses on climate calculations in the investment process in respect of the municipality’s own business premises in 2024. • Enhance the data and methodology for managing climate goals more clearly in the category management work.
