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A new report from the nonprofit CDP identified more than 300 sustainable infrastructure projects across 97 U.S. cities, with a collective funding and financing gap of at least $10.6 billion.
The report, based on 2020 data from the CDP-ICLEI Unified Reporting System, found a total of $25.6 billion in sustainable infrastructure funding, ranging from climate adaptation and clean transportation to energy efficiency and water system upgrades. The true national scope of the infrastructure needs across the country is likely much larger, said Katie Walsh, CDP North America head of cities, states and regions.
Walsh said the findings should demonstrate to federal policymakers and investors the scale of infrastructure funding needs in cities. “We want to show how these projects can make an impact on emissions … but also in growing local economies, creating jobs and racial and social equity,” Walsh said.