CITIES can become catalysts for climate action, according to the latest report released by the United Nations Economic and Social Commission for Asia and the Pacific (Unescap).
According to the “Crisis Resilient Urban Futures” report, cities are crucial, given that emissions from developing and emerging economies and markets in Asia, including the Philippines, grew 4.2 percent between 2010 and 2020.
However, Unescap said some countries have undertaken reforms at the city level to bring down emissions, mainly from transportation. The report said more sustainable efforts can be undertaken through local revenue sources obtained from various taxes, fees, user charges, penalties, planning and building-related charges, and land-use conversion charges.
In the Asia Pacific, the share of property taxes in local revenues was the highest in New Zealand at 46.3 percent followed by Australia at 39.5 percent; Japan, 12.5 percent; Cambodia, 10.1 percent; and China, 9.9 percent. Quezon City, Unescap said, faced financial distress in 2001 with a budget deficit of P1.4 billion or $25.2 million in statutory claims and other loans.
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