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. The Climate Action Plan 2020-2023 lists proposals for measures to reduce greenhouse gas emissions, which in many cases require investments. 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 investments 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 to apply for professional administrations and district administrations and through the agreements the city has signed within the framework of state negotiations 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. During 2021, the city participated in the development of climate investment plans together with Viable Cities. The city intends to continue working on this in 2022.
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. Xxxx Municipality sees climate transition as an opportunity for a green recovery of 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.
Climate Investment Plan. Extensive investments need to be made in Kristianstad municipality’s geographical region in the coming years if we are to be able to reduce greenhouse gas emissions, meet the need for a rapid climate transition and adapt society to a changing climate and its effects. The climate investment plan is an important tool for highlighting the gap between the current situation and climate goals adopted, but also for highlighting added value, cost savings and the opportunity of receiving external funding for development in Kristianstad municipality. The aim of the climate investment plan is to clarify the link between climate transition, financial processes and economic governance. The climate investment plan must provide a comprehensive view of the investments that need to be made by both public and private stakeholders in order to achieve the climate goals. The work done by Kristianstad municipality on the climate investment plan takes place at different levels and is made up of different processes. The Viable Cities Finance Dashboard is used at a general level, an initial step being to visualise anticipated future emissions based on adopted goals, policy instruments and measures at EU, national and local level. The process aims to illustrate the investments needed, distributed among societal stakeholders, in order to close the gap between projected and necessary emission reductions. This work forms part of the EU-funded AT LAST project, which aims to accelerate the transition by means of different types of support structures for planning, implementation and execution. The aim of the sustainable development strategy being developed at present is to accelerate sustainable transition in the municipality by integrating ecological, social and economic sustainability into the municipality’s governance and support processes. This strategy must ensure that both the basic mission and strategic development work are implemented, taking into account all three dimensions of sustainability. This work will link climate transition to regular processes such as governance and management and budget and decision-making processes. In parallel, work has begun on climate investment plans from a bottom-up perspective in order to examine how climate investment plans can emerge out of a more operation-specific scale that is then gradually scaled up and increases in extent. Initially, we will be investigating how a climate investment plan for a municipal administration and a municipal co...
Climate Investment Plan. Already during 2020, Karlstad Municipality has prepared a Climate Study, and based on it a climate budget with accompanying action plan. The material provides a good foundation for continued work based on an updated idea of the emission allowance in Karlstad, and comparative scenarios for the climate transition. The study will be further developed with an accompanying cost calculation for players in the munic- ipality as a geographical area. This work is taking place alongside the development work being done within Viable Cities on the production of climate investment plans. With a Climate Investment Plan, the right conditions can be created to develop a shared idea of what investments are needed, investments that not only benefit the climate but other areas as well. Collaboration and dialogue are needed between more players to ensure a successful process towards the Climate Investment Plan. The climate budget in turn could evolve into an important source in the group’s operations and planning process. Efforts are also under way to review the group’s long-term investment planning and introduce a new project module, improving the ability to climate label the Municipality’s projects more clearly and ensure a coherent overview of the Municipality’s climate investments. In addition, the Municipality is currently reviewing its internal guidelines for investment management, and developing routines for efforts related to green loans and sustain- able forms of funding.
Climate Investment Plan. The municipal group has conducted a central task together with Material Economics / McKinsey in 2023, producing socio-economic net cost analyses of investments 11 xxxxx://xxxxxxxxxxx.xx/ (Swedish) 12 Nätverket Mat & Klimat i xxxx - Umeå kommun (xxxx.xx, Swedish) 13 xxxxx://xxxxxxxxxxxxx.xx/en/ 14 xxxxx://xxx.xxxxxxxxxxxxxx.xx/ (Swedish) 15 xxxxx://xxxx.xxxx.xx/vad-vi-gor/projekt/umea-eco-industrial-park (Swedish) 16 xxxxx://xxxxxxxxxxxxxxxxxx.xx/en/home/ 17 xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xx/en/ in transition for sustainable growth and welfare, with major emphasis on climate transition. Various scenarios have been developed on the nature and extent of the transitions required, the broad socio-economic benefits and emission reductions the transitions may be able to provide, and the costs involved. In 2024, development work will continue within the municipal group and in collaboration with other stakeholders in the public sector and the business sector and academic community on a local level in Umeå, nationally and within the EU. The work being done with Material Economics will provide the basis for the scenario- based approach that the municipal group and local stakeholders will go on developing in 2024. This will involve jointly identifying and prioritising transitions and measures providing impetus as we head towards the vision of the good life in the Umeå of the future, a city that is climate neutral, socially sustainable and growing sustainably – in line with the municipality’s directive objectives and environmental and climate goals. This is why the term “investments” is used for sustainable growth and welfare instead of “climate investment plans”, as our work involves investments promoting the good life in the Umeå of the future, and not just investments in climate transition. In 2023, the municipality of Umeå has also participated in national dialogues with Viable Cities and the agencies regarding the development of analyses of investments for transition (climate investment plans), as well as actively examining NetZeroCities support in respect of investment planning and funding as part of the EU’s 100 Climate Neutral Cities mission and work on the Climate City Contract.
Climate Investment Plan. Understanding the socio-economic effects of different decisions is central to politicians and other decision-makers should be able to make informed decisions. It is partly about understanding what measures need to be implemented for Malmö City's goals to be achieved and what effects it can have from different benefit perspectives, such as health, personal finances, public finances and climate. It also requires knowledge of how individual actions can be grouped - (for example in the form of an action portfolio - so that they can together provide the greatest possible benefit, as well as how the measures can be valued and compared. It can concern, for example who bears the cost and who is allowed to share the benefits in the short term as well as the long term. The issues are many and complex. Malmö has started analyses in this area and in 2021 together with Viable Cities will continue this work.
Climate Investment Plan. The economic dimension of sustainability is often described as a tool, which is why an economic perspective on climate transition is vital. In addition, understanding the effects of different decisions is pivotal to enable decision-makers to make informed decisions. Enköping has a carbon budget which is a key component in establishing a thorough, well-considered Climate Investment Plan. Analysis is under way to set priorities for different efforts. Economic structures and decisions too aim to support sustainability; linked to the governance model, economic models and relevant supporting analysis will be developed. When new structures are to be integrated into a complex system, it is important to realize that goal conflicts may arise. This might for example be about balancing environmental and economic goals. In Enköping Municipality, we aim to increase understanding of this and discuss how we can avoid goal conflicts and increase synergies as sustainability is increasingly integrated into operations. There is a need for external support and networks for continued work on method development, models and knowledge building. One special aspect for Enköping is our vibrant rural community and agriculture, and by coupling the important rural perspective, we counteract an unnecessary polarization in future issues. During 2023, the Municipality intends to: • Take part in networks for support and ongoing work on method development, models and knowledge building linked to climate investments. • Continue its analysis work so as to be able to prioritize efforts, to then work with Viable Cities and external players in order to prepare a plan for climate investments. • Take knowledge-raising measures linked to sustainable economic models, invest- ments, green and social funding, and circular flows.
Climate Investment Plan. During the year, Umeå Municipality has participated in national dialogues with Viable Cities and the government agencies regarding the development of climate invest- ment plans, and has accessed the support received via NetZeroCities as part of the EU Cities Mission. A preparatory analysis of existing investment plans has begun within the municipal group to determine how they can be used in the methodological sup- port developed via Viable Cities and NetZeroCities. This work will continue to be devel- oped in 2023 in collaboration with other players in the public sector, business sector and academia, both locally in Umeå and nationally. As part of its work on the action programme for climate goals, Umeå municipal group has carried out an initial cost-impact analysis of the proposed measures. This ena- bles the organization to prioritize the measures that have the biggest environmental and climate impact for the economic investment. Work on climate investment plans creates the conditions to develop joint, long-term roadmaps with an economic perspective. Demonstrating the climate benefits and impacts of planned investments improves the basis for making decisions. It is also necessary to be able to better demonstrate the value of the climate transition and how the investments contribute to other sustainability goals.
