Extensive research has been carried out among city representatives, investors and other stakeholders, providing a detailed outline on improving access to climate finance for cities and offering bankable climate projects to investors.
Key findings include:
This paper highlights further the need for establishing a match-making facility for investors and cities as a solution to make capital available for cities, enable flexible financing, reduce costs and support reporting and marketing of projects. The development of this matchmaking platform is currently being supported by the Climate-KIC as part of LoCaL’s activities.
Access the White Paper HERE
LoCaL aims to reduce 1 Gt of CO2 and mobilize €25 billion of climate finance for cities annually by 2050. LoCaL is an innovation platform aiming to provide cities with better tools for assessing greenhouse gas emissions, planning, investing and evaluating progress. Started in 2015, LoCaL is a growing community of more than 20 organisations dedicated to unlocking climate finance for cities. This paper was realized as part of the project Climate Financier under LoCaL and conducted by CDP. LoCaL is a Climate-KIC flagship programme.