Cities and urban centres play a key role in addressing climate change. They are essential to reducing global carbon emissions while being highly vulnerable to climate risks. Cities account for 70% of global carbon emissions and are highly vulnerable to the impacts of climate change with USD 4 trillion worth of urban assets in jeopardy before 2030. As only 15% of climate finance reaches cities through traditional mechanisms, innovative financing solutions are urgently required.
The City Finance Lab is a dedicated platform supporting the development of innovative, replicable and scalable financing solutions which increase investment in climate-resilient, low-carbon and green urban projects for sustainable cities.
The City Finance Lab:
The 2018 selected and supported innovative financing solutions can be found here.
The City Finance Lab organises an annual call for the most promising innovative financing solutions.
Submitting an idea to the City Finance Lab yields two major benefits for the proponent:
Average value of the in-kind technical advisory received by selected City Finance Lab solutions
Cities and urban centres are key to tackling climate change. They are essential to reducing global carbon emissions while being highly vulnerable to climate risks.
The City Finance Lab provides tailored technical advisory to innovative financing solutions and stimulates scaling and replication.
The City Finance Lab supported five innovative financing initiatives for cities in its first cycle.
The two-step submission process of the City Finance Lab ensures that proposals are aligned with its objectives.
The City Finance Lab Committee is made up of high-level city finance experts from leading public and private sector organisations.