At a ceremony in Brussels, 23 cities belonging to the EU Cities Mission received a ‘Mission Label’ from the European Commission. This label recognizes their Climate City Contracts (CCCs) and their commitment to becoming climate neutral by 2030. The CCCs outline the cities’ climate commitments, action plans, and investment strategies. The labels are expected to unlock private sector investment to support the cities’ plans. The cities also receive expert guidance and support from the Mission Platform during the CCC process. These awards highlight the importance of cities in achieving climate neutrality and reinforce Europe’s commitment to climate action and investment in green initiatives.
| Signal | Change | 10y horizon | Driving force |
|---|---|---|---|
| EU Cities Mission | Cities committing to be climate neutral by 2030 | More cities implementing climate goals and strategies | European commitment to climate action |
| Mission Label | Recognition of city’s climate plans by European Commission | Increased investment and support for cities’ climate initiatives | Desire for private sector investment |
| Financial advisory services provided by EIB | Financial support for cities with Mission Label | Increased funding for cities’ climate projects | Support for European climate goals |
| Cities Mission Capital Hub | Platform to help cities with Mission Label translate investment strategies into projects | Streamlined process for cities to implement climate initiatives | Facilitating access to funding sources |