World cities seek $375bn to fight climate change

The world’s big cities will need $375 billion of investment to curb climate change, a large gathering of mayors heard in Mexico on Thursday.

C40 executive director Mark Watts said in an analysis unveiled Thursday that the world’s big cities must collectively cut their carbon footprint by nearly half within a decade if the 196-nation Paris Agreement is to be met.

With only one degree Celsius of warming so far, the world has already seen an upsurge in extreme weather, including droughts, superstorms, heat waves and coastal flooding boosted by rising seas.

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