Malmö’s blueprint for green finance and what other cities can learn
Malmö competes for capital alongside covered bond issuers, national governments, and corporate. How can a city be so successful?
Malmö competes for capital alongside covered bond issuers, national governments, and corporate. How can a city be so successful?
Many local governments still struggle to access affordable, long-term capital at scale. Green finance can help – when it is embedded in systems and treated as an institutional responsibility.
Municipalities pool their borrowing needs, present a combined credit profile to capital markets, issue bonds collectively, and lend the proceeds to member municipalities at lower cost.
Through ICLEI’s Transformative Actions Program, UrbanShift cities across Asia, Africa, and Latin America are strengthening project design, financial planning, and investor engagement to move from concept to capital.
As grants become scarcer, subnational governments can use Public-Private Partnerships (PPPs) to overcome funding gaps and drive sustainable, inclusive infrastructure.
Green bonds can unlock infrastructure investment opportunities for cities and nations to finance transformative solutions.
The urgent call for increased climate finance for local and regional governments has resonated globally with stakeholders rallying to address this challenge. Initial commitments and progress on mechanisms at COP29 in Baku, while encouraging, mark just the beginning of a critical journey toward COP30 in Belém, Brazil.
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