In a September 25 announcement, the World Bank unveiled its Low-Carbon Livable Cities (LC2) Initiative, which is designed to assist infrastructure financing in growing cities with a particular focus on low-carbon planning. More than $1 trillion per year is needed to support infrastructure in these cities. President Jim Yong Kim said the projects will help tackle climate change. The initiative includes a creditworthiness program that will hold its inaugural session October 14-19 in Nairobi.