Cities Economic Outlook #2: a forward look to 2024
Creating and supporting green jobs with bold city climate action is a great way to shelter residents from economic and political turmoil in 2024
Welcome to another issue of the C40 Centre for City Climate Policy and Economy’s Cities Economic Outlook, our one-page brief exploring global economics trends and their impact on cities.
This second issue presents our forward look to 2024. Ongoing conflicts, forecasts of slower GDP growth (particularly in advanced economies), and stubborn inflation suggest that both tensions and central bank rates will remain elevated, further increasing the political and financial costs to transition our societies away from fossil fuels. These trends offer a worrying backdrop to “the biggest election year in history”, too.
While a bolder and necessary focus on climate action and green jobs cannot be a silver bullet to every city’s economic woes, the benefits are glaring. National governments should follow the lead of Mayors: act on climate and shelter their residents from the inevitable price swings and economic shocks caused by volatile fossil fuels.
You can download the Cities Economic Outlook from the link below:
📩 Subscribers will receive future Cities Economic Outlook issues directly in their inboxes. If you haven’t already, you can subscribe for free here:
🎧 Listen to the Cities 1.5 Podcast
Since our last newsletter, we have published the last few episodes of the second season of our podcast Cities 1.5 (listen on Apple Podcasts and Spotify):
🇧🇷🇨🇴 In an episode focused on Latin American cities innovating to save the planet, our host
interviews Rafael Greca (Mayor of Curitiba, Brazil) and Jaime Pumarejo (Mayor of Barranquilla, Colombia). Listen on Apple Podcasts and Spotify.🌎🌏 For our season finale, we ask IPCC contributor Aromar Revi and wildfire expert Jen Baron for advice on how to ensure there is a future for us all amidst the dangerous prospects for the world’s climate. Listen on Apple Podcasts and Spotify.