City Climate Finance Gap Fund

The City Climate Finance Gap Fund (Gap Fund) helps cities in developing and emerging countries realize their climate ambitions, turning low-carbon, climate-resilient ideas into strategies and finance-ready projects.

The World Bank and European Investment Bank (EIB)
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Verified by the EIB
Oct 30th, 2020

About

The City Climate Finance Gap Fund (Gap Fund) helps cities in developing and emerging countries realize their climate ambitions, turning low-carbon, climate-resilient ideas into strategies and finance-ready projects. The Gap Fund provides a range of technical assistance and capacity building to support climate-smart urban planning and urban climate action strategies, helping to build a pipeline of high-quality, climate-smart urban investments, with a focus on early, often underfunded stages of project identification and preparation.

Assistance Criteria

Projects submitted by cities and local authorities in OECD-DAC countries are evaluated on their climate mitigation or adaptation potential. Additionally, projects must be situated in an urban area or functionally linked to one. Social and environmental co-benefits are also taken into account.

Countries

Support

The level of support will vary based on specific project’s needs.

Application Process

Projects are proposed using the Gap Fund’s expression of interest form and submitted online. For further information please refer to the Gap Fund FAQ sheet.