Description/achievement of initiative
Using the Regenerative Energy for Metropolitan Areas and Cities (reMAC) tool and Impact Economy strategy process, major urban areas around the world can progressively develop smart carbon reduction and renewable energy strategies in a process that is evidence-based, transparent, fast and cost-effective. The host of associated benefits includes greater energy security of supply and energy price stability; medium term employment creation; longer term increased disposable income; increased competitiveness; and carbon emission reduction. reMAC will enable regional stakeholders to take smart carbon policy decisions and profit from investments in renewables, thus enabling them to contribute to Rio+20 sustainable development goals.
By using the reMAC tool, decision makers around the world involved in the strategic planning of metropolitan areas gain access to both a cost calculation and a CO2 reduction tool which allows regional stakeholders to plan the necessary carbon policy steps. In a structured, simple and cost-effective stakeholder-centric process, the reMAC tool used in Impact Economy workshops shows how cities around the world can become regenerative, and that by this they will be able to free up enormous sums of money for social and cultural goals instead of spending them on fossil energies. reMAC enables metropolitan areas to assess how urban energy saving, through waste reduction and increased efficiency, can in practice lower energy demand to the point where it can be substantially met from urban renewable energy generation.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure