The CFCB carbon reduction program

The CFCB program was established in February 2009 where representatives from 20 megacities convened in Basel to launch this initiative aimed at reducing GHG emissions in megacities of the South while simultaneously providing the know-how and tools that help countries develop sustainably. Through the CFCB programme cities in developing and emerging countries get support in reducing or avoiding GHGs. Particularly they learn how to plan and structure the city and infrastructure development projects as high-quality carbon reduction projects. This allows them to generate carbon finance revenue by participating in the global carbon market. One of the main outcomes of the program is to establish an institutional learning aptitude and capability in each of the participating cities putting them in the position to develop and implement carbon finance activities on their own.

Generally, carbon finance concepts have mostly been applied at national levels. The 3-year CFCB program involves selected cities across the world to establish the viability of reducing GHG emissions in dense urban areas. Current cities includes Dar Es Salam, Jakarta, Quezon City, and Sao Paulo.

CFCB program objectives

• Strengthen knowledge of carbon finance
• Highlight project priorities and provide continuous advice on project development and implementation
• Support and facilitate institutional networking
• Build capacity of city staff through technical assistance
• Facilitate peer-to-peer learning by establishing a network between participating cities