/Docs/G/int/unfccc/2015/paris_declaration/0.md
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SUB-NATIONAL GOVERNMENTS
We, the representatives of the Federated States, Regions and Cities, being close to our citizens and our partners, companies and investors, as well as think tanks involved in the operational implementation of sustainable development, commit to take the following measures:
  • 1st Commitment:
    Commit to adopt, support and engage in concrete «bottom-up» lead by local authorities in partnership with businesses and investors, to complement the efforts of Parties in the framework of the intergovernmental negotiation process of the UNFCCC, to reach a global Climate Agreement in Paris in 2015.
  • 2nd Commitment:
    Commit to take concretemeasures to fightagainst global warmingwithin such actionprograms, each accordingto our respectivelocal conditions, and taking as an example the objectives (of the European Union and UNSE4ALL for the year 2030: reduction of GHG emissions by 40%, increasing energy efficiency by 40% and increasing renewable energy production by 40%, based on 1990 data).
  • 3rd Commitment:
    Commit to extend our action programs to the international community and, where appropriate, to all stakeholders qualified to contribute to enhance the capacity building for local and sub-national governments in all countries, for effective implementation of low carbon infrastructure projects, in particular through Public Private Partnerships (PPP) at the local level, and through training for local decision makers and technical staff on the ground.
  • 4th Commitment:
    Encourage and support stepping up the efforts made to build financing mechanisms specifically designed to ensure the value chain in delivering bankable low carbon projects for sub-national governments.Such financial schemes will aim at unleashing access to:
    • Public funding, including pre-investment facilities to cover the costs of feasibility studies (sources of funding will include UN and bilateral agencies, development banks) and public debt funding (national banks, pension funds); and
    • Private financing, including private equity investors, private investors, sovereign funds and pension funds.
  • 5th Commitment:
    Commit to interregional cooperation programs to facilitate the implementation of actions to effectively reduce greenhouse gas emissions (GHGs), increase renewable energy generation, and adopt energy efficiency and energy security measures in all regions of the world, and also through sharing ideas and best practices and direct participation in the valuation of carbon credit exchange.
  • 6th Commitment:
    Commit to publicly report and disclose GHG reduction efforts and possibly other local climate actions implemented at the local level in all regions of the world through recognized subnational reporting platforms. In addition, we commit to climate change metrics and benchmarking performance across regions.
  • 7th Commitment:
    Mobilize all stakeholders (national, local, private) around projects that build the capacities of young people, as well as on specific training courses leading to green jobs; contribute, through this, to the transition to the green economy as a new growth model, with transformed production patterns, requiring additional human resources, specific to different areas of sustainable development.