Limassol hosts dialogue on funding climate-neutral urban development

On Tuesday, November 10, the Municipality of Limassol hosted the 'Better Funding Dialogue' workshop to explore investment opportunities for urban sustainable development projects. The event specifically focused on the revitalization of Aktaia Odos, a key project within the city's broader climate strategy, which requires an estimated €1.3 billion in total investments.

Mayor Giannis Armeftis emphasized that transitioning to a climate-neutral city requires more than just political will and planning; it necessitates the securing of financial resources through effective collaborations. The workshop was organized in partnership with ICLEI Europe, the Cyprus Institute, and the NetZeroCities platform, which supports the European Mission for Climate-Neutral and Smart Cities.

Limassol is one of the 100 European cities committed to reaching climate neutrality by 2030. Participants included representatives from public authorities, financial institutions, investment firms, and the private sector, specifically targeting stakeholders in construction, infrastructure, transport, and mobility to foster a more resilient and inclusive urban environment.