Global Citizenship Report 2017

FPO photo, Port of Long Beach Photo caption arum, tem rerum quatatum, quam que sectate CASE STUDY Building a Greener Port in Long Beach In the port city of Long Beach, California, increasing tempera- tures due to global warming have broken several records in recent years. Mayor Robert Garcia has cited extreme heat as one of the city’s top concerns, and the city has embarked on an ambitious plan to become more climate-resilient through greener infrastructure and urban planning. One key aspect of this plan is greening the Port of Long Beach, which is the country’s second-busiest port and saw traffic increase by 11 percent in 2017. Together, the Port of Long Beach and the neighboring port in Los Angeles represent the largest stationary source of air pollution in Southern California, making them a significant contributor to global warming. One of the most ambitious goals of the Clean Air Action Plan, first adopted by both ports in 2006 and updated in 2017, is to eventually reduce emissions to zero. As part of this plan, the Port of Long Beach is implementing a series of carbon reduction measures, including equipment upgrades and fees on diesel vehicles. In June 2017, Citi served as senior manager on the Port of Long Beach’s $172 million financing, including a $26 million green bond offering. Proceeds from the green bond will be used by the Port to help create new shipping terminal improvements designed to move cargo more efficiently with less pollution. 98