A City-Wide Approach to Carbon Finance

This policy document introduces a city-wide approach to carbon finance. This proposes expansion of the CDM’s Programme of Activities approach to enable aggregation of city-based GHG mitigation reductions broadly covered by five sectors: energy, transport, solid waste, water and wastewater, and urban forestry. The city-wide approach to carbon finance gives cities greater flexibility to create a GHG mitigation program covering one, a few, or all sectors, as part of a single comprehensive effort.