Lisbon City Council’s first-ever ‘green’ participatory budget, an initiative supported and managed by South Pole and EIT Climate-KIC’s City Finance Lab, has been allocated a €5 million budget to support climate change mitigation and adaptation projects selected by local citizens.
The Mayor of Lisbon made the announcement in May 2019 during the ceremony for this cycle’s winning citizen-selected projects.
Part of Lisbon City’s participatory budget, the ‘green’ label sets aside funds for projects with positive climate change mitigation and adaptation impacts, such as cycling lanes, tree planting for street heat reduction, or water capture and storage.
"Lisbon is strongly committed to its transition towards a sustainable climate-resilient city. Thanks to the valuable support of the advisors of the City Finance Lab in 2018, we have reached a milestone in the implementation of a ‘green’ participatory budget, to channel investments into climate mitigation and adaptation projects," says Paulo Francisco, Head Chief of the Participation Division of the Lisbon City Council.
Read more on the South Pole website, from which this story has been sourced