New research project: The Urbanization of Global Climate Finance

Green Development in India

The Swiss National Science Foundation (SNF) has awarded Hanna Hilbrandt project funding to investigate how cities are impacted by so-called Global Climate Finance (GCF): financing in accordance with the United Nations 48 Framework Convention on Climate Change (UNFCCC). 

Cities in the global South are increasingly tasked to meet the challenges of the climate crisis. Particularly since the 2015 adoption of the Sustainable Development Goals (SDGs), International Financial Institutions (IFIs) have participated in this task. In linking ecological sustainability with agendas of financialization and financial market expansion, IFIs and other international agencies have put forth a number of initiatives that support municipalities in fundamental governance reform that aims not only to build an investment-friendly policy regime but also to enhance a city’s own financial performance. Our new research project investigates these processes of urbanizing GCF and the power shifts these processes entail. It asks how GCF shapes global geographies and modalities of green investment and how it advances municipal reform.

Download the project brief for more information (PDF, 151 KB)