Financial Instruments for Urban Climate Finance Projects
Service line: Sustainable Cities, Thriving Economies
Project: Mapping Cases of Successful Utilization of Financial Instruments for Urban Climate Finance Projects, Climate Policy Institute
Published: June-October 2021
The Cities Climate Finance Leadership Alliance’s (CCFLA or ‘The Alliance’) Financial Toolbox Action Group (FTAG) commissioned UrbanEmerge, via the CPI, to build on previous work by targeting a gap in knowledge of successful financing of urban climate smart and resilient infrastructure in cities. UrbanEmerge assembled a team of experienced climate finance and municipal financing experts to create a taxonomy for innovative financing instruments and funding mechanisms, particularly well-suited for urban climate finance in both developed and developing countries. This was followed by collecting 20-25 examples of successful case studies of utilization of innovative financing instrument/s or funding mechanism/s for urban climate-smart and resilient infrastructure, across a range of sectors including energy, transport and waste management. Several failures were also documented to understand what went wrong and why.