C40 Cities Finance Facility
You can find up-to-date information on the C40 Cities Finance Facility on its website:
The new website includes detailed pages on the CFF's current projects, in Bogotá and Mexico City, outlining the project's objectives and progress achieved so far through key statistics and visual infographics.
The News & Events section features recent coverage of the two projects in both international and national media, and a list of past and upcoming events at which the C40 Cities Finance Facility will play a key role.
The Knowledge Library is an interactive collection of reports, videos, tools and briefing guides, which we encourage visitors to explore to understand more in depth the key issues in the fields of climate change, urbanisation and climate change. The information currently featured will be complemented by the CFF's own project briefings, webinars and case studies shortly.
Finally, the new website features an application portal where cities will soon be able to apply for CFF support.
Access to finance is one of the most significant barriers that mayors face in delivering on their climate change plans. This challenge is particularly acute in cities from developing countries and emerging economies where there is a shortage of expertise in securing investment for infrastructure projects. At the same time, these cities have enormous potential to reduce emissions while being highly vulnerable to the impacts of climate change.
To address this issue, the C40 Cities Finance Facility (CFF) supports C40 cities in developing and emerging countries to prepare and deliver sustainable, low carbon and climate adaptation projects. The CFF is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the United States Agency for International Development (USAID), with additional in-kind assistance from the Inter-American Development Bank (IADB). Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and C40 together serve as implementing agencies.
The ultimate objective of the CFF is to reduce greenhouse gas emissions and increase resilience by mobilising finance for city-level climate change action.
The CFF will aim to achieve the following high-level project outcomes:
- Project preparation of urban climate change projects for sustainable financing;
- Capacity development of city administrations to mobilise and access a broad range of financing instruments;
- Knowledge sharing beyond CFF partner cities via peer-to-peer learning and through other CFF stakeholders;
- Partnerships between cities, investors/financiers and their representations.
The CFF was launched at the C40 Forum during COP21 in Paris. The first two pilot projects were announced in September 2016: the CFF will help transform cycling in Bogotá through the development of new cycling infrastructure, and assist with the development of a green transportation corridor with a fleet of clean electric buses in Mexico City.
Please email email@example.com for more information about the C40 Cities Finance Facility.