The Urban Transitions Mission and Google have released a timely new report, Data & Insights to Accelerate Impact Finance and De-risk Investments in Cities. This report tackles the pressing urban climate finance challenge, offering innovative approaches to help cities secure funding while reducing investment risks. By working together, this partnership combines deep insights from Google’s Environmental Insights Explorer (EIE) with urban climate strategies to drive impactful, sustainable city development.
The report explores how Google EIE can inform climate finance strategies by utilizing data on rooftop solar potential, tree canopy cover, and transportation insights. These insights can help forecast CO2 reductions and economic benefits of new infrastructure projects, guiding more effective investments. A core focus is on disclosing key information to de-risk investments, ensuring both public and private sectors make well-informed decisions.
Scenario analysis plays a vital role in strengthening project outcomes. Through tools provided by Google EIE, cities can assess and model risks related to transportation, energy, and green infrastructure. This informs strategic investment in renewable energy and efficiency targets, boosting Land Value Capture (LVC).
The final chapters of the report offer a recap of how cities can use Google EIE for impact finance, laying out practical steps to get started. The report serves as a guide for cities looking to align their urban climate goals with actionable data and financial strategies.
