2024 State of Cities Climate Finance

Jessie Press-Williams, Priscilla Negreiros, Pedro de Aragão Fernandes, Chavi Meattle, Hamza Abdullah, Arthur Vieira, Jose Diaz, Ben Melling.

The 2024 State of Cities Climate Finance report (SCCFR) provides the most comprehensive assessment of urban climate flows and needs globally. It aims to inform action on mobilizing finance for city-level climate action at scale by 2030.

Cities are indispensable actors in the climate transition. Currently, 56% of the world’s population live in cities and 70% of people are expected to live in urban areas by 2050 (World Bank 2023a). Many urban areas, particularly in emerging markets and developing economies (EMDEs), are already facing frequent and intense extreme weather events such as floods, drought, and heat.