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Financing Green Urban Infrastructure

Author

Listed:
  • Olaf Merk

    (OECD)

  • Stéphane Saussier

    (Sorbonne Business School)

  • Carine Staropoli

    (University of Paris I)

  • Enid Slack

    (University of Toronto)

  • Jay-Hyung Kim

    (Korea Development Institute)

Abstract

This 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.

Suggested Citation

  • Olaf Merk & Stéphane Saussier & Carine Staropoli & Enid Slack & Jay-Hyung Kim, 2012. "Financing Green Urban Infrastructure," OECD Regional Development Working Papers 2012/10, OECD Publishing.
  • Handle: RePEc:oec:govaab:2012/10-en
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    File URL: http://dx.doi.org/10.1787/5k92p0c6j6r0-en
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    Citations

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    Cited by:

    1. Elena, RUSU (CIGU) & Florin OPREA, 2016. "Local Fiscal Instruments For ''Green Cities'' - Case Of Romania," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 1(2), pages 73-77.
    2. 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.
    3. Floater, Graham & Rode, Philipp & Robert, Alexis & Kennedy, Chris & Hoornweg, Dan & Slavcheva, Roxana & Godfrey, Nick, 2014. "Cities and the New Climate Economy: the transformative role of global urban growth," LSE Research Online Documents on Economics 60775, London School of Economics and Political Science, LSE Library.
    4. Floater, Graham & Rode, Philipp & Friedel, Bruno & Robert, Alexis, 2014. "Steering urban growth: governance, policy and finance," LSE Research Online Documents on Economics 60776, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    green growth; infrastructure finance; private finance; public private partnerships; urban development; urban finance; urban infrastructure;

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