There is also strong interest from further cities. LoCaL partner South Pole Group is now assessing the feasibility of these projects under Result Based Finance. In parallel, the Gold Standard Foundation, also a partner of LoCaL, is currently discussing a draft version of its new City Standard with an expert panel.
The new standard will allow cities to access Result-Based Finance for their low-carbon development programs. The Standard will be released for public consultation later this year.
Have a look here for more information about LoCaL’s Result-Based Finance activities.