As climate budgeting continues to emerge as a method of mobilising financial commitments in line with resources to fund climate initiatives, this session brings together policymakers, urban planners, and finance professionals to examine the role of climate budgeting in guiding decision-making, resource allocation, and investments for climate-resilient and sustainable urban development. Talking points include:

 

Understanding climate budgeting – panellists will provide an overview of climate budgeting as a framework that incorporates climate change considerations into budgetary processes. This approach enables decision makers to account for the environmental, economic, and social costs and benefits associated with urban redevelopment projects.

 

Assessing climate costs and benefits – the discussion will focus on the importance of conducting robust environmental impact assessments as part of climate budgeting. Panellists will explore methodologies and tools to assess the climate-related costs and benefits of urban redevelopment projects, such as life cycle assessments, carbon footprint analysis, and ecosystem services valuation.