Lima [capital of Peru, the headquarters of the COP 20] currently has over 7 million inhabitants and is one of the fastest growing cities in Latin America. Without further action it will see substantial increases in energy bills, which will be bad for the poor, and more greenhouse gas emissions, which will be bad for the climate.
Speaking before the summit, the Mayor of Lima Susana Villarán said: “The challenge of supporting economic growth and tackling climate change will be met in the world’s cities. Investing in public transport is good for citizens, good for business and good for the climate. Clear leadership is now needed to make this vision a reality.”
Research conducted for the Global Commission shows that through effective investments in transport Lima can reduce its carbon emissions by 15% by 2025 while saving citizens US$1.1 billion per annum in energy bills. If done well, these investments would be paid back in less than 3 years, building on the improvements already implemented in the city.