Financing Green Urban Infrastructure
AbstractThis paper presents an overview of practices and challenges related to financing green sustainable cities. Cities are essential actors in stimulating green infrastructure; and urban finance is one of the promising ways in which this can be achieved. Cities are key investors in infrastructure with green potential, such as buildings, transport, water and waste. Their main revenue sources, such as property taxes, transport fees and other charges, are based on these same sectors; cities thus have great potential to ?green? their financial instruments. At the same time, increased public constraints call for a mobilisation of new sources of finance and partnerships with the private sector. This working paper analyses several of these sources: public-private partnerships, tax-increment financing, development charges, value-capture taxes, loans, bonds and carbon finance. The challenge in mobilising these instruments is to design them in a green way, while building capacity to engage in real co-operative and flexible arrangements with the private sector.
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Bibliographic InfoPaper provided by OECD Publishing in its series OECD Regional Development Working Papers with number 2012/10.
Date of creation: 24 Sep 2012
Date of revision:
public private partnerships; green growth; urban development; infrastructure finance; private finance; urban infrastructure; urban finance;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-01-19 (All new papers)
- NEP-ENV-2013-01-19 (Environmental Economics)
- NEP-TRE-2013-01-19 (Transport Economics)
- NEP-URE-2013-01-19 (Urban & Real Estate Economics)
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- Kennedy, Christopher & Corfee-Morlot, Jan, 2013. "Past performance and future needs for low carbon climate resilient infrastructure– An investment perspective," Energy Policy, Elsevier, vol. 59(C), pages 773-783.
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