How should urban green growth governance and financing challenges be addressed?

This chapter assesses the main governance and financing challenges in implementing green growth in cities. Multilevel governance – co-ordination across sectors and among different levels of government, private sector and civil society – is an important tool for integrating environmental and economic priorities into urban activities. This chapter proposes a framework for addressing potential gaps in co-ordination and suggests ways in which national governments can enable green growth in cities. This is followed by a discussion of the opportunities for increasing funding for urban green growth, which include aligning local revenue sources (including taxes, fees and charges) with green growth priorities. It will also be essential to mobilise private finance for green infrastructure investments, through mechanisms such as public-private partnerships, development charges, loans, bonds and carbon finance.