CDP Worldwide recently published and launched the case study of Penang Island as part of a programme on climate change adaptation/resilience financing and implementation for Asian cities at COP28 Dubai. The total grant amount of USD 10 million was allocated for the implementation of the nature-based climate adaptation programme for the urban areas of Penang Island. The following key issues have been addressed in the said case study:
- What was the successful adaptation/resilience project that was able to be implemented?
- What kind of funding mechanism City Council of Penang Island was able to leverage? (especially innovative/collaborative mechanisms)
- What were the challenges, opportunities, and gaps?
- What were the important components for the project to be successful?
To access the city’s full proposal on the Climate Adaptation Fund website, please visit the project page here.
CDP has also published an easily accessible web-based guide – financing for sustainable infrastructure in Asia Pacific cities.
For further information and to connect with all project partners working with the City Council of Penang Island please contact Ms. Jacqueline Chang, Country Coordinator, GCoM Asia at [email protected]
