CCFLA Mapping Report – CCFLA is releasing the second edition of its flagship report “Localizing Climate Finance, mapping gaps and opportunities”

On Monday 13th of November, at the occasion of the High-Level Dialogue Day on Finance, Gender and SDG 11 of COP 23 held in Bonn, the coalition Cities Climate Finance Leadership Alliance (CCFLA) is releasing the second edition of its flagship Mapping report “Localizing Climate Finance, Mapping Gaps and Opportunities”. The report presents a global overview of CCFLA member’s responses to close the subnational resilient infrastructure investment gap.

Acting as an ongoing learning tool that presents a global overview of CCFLA members’ activities that are available worldwide, and support the development, financing and funding of subnational and local climate action, the report highlights the great diversity of financial and non-financial products and services developed – often in a joint thematic, sectoral or through constituencies collaboration – by CCFLA members, to support cities and regions climate smart investments in particular through project preparation (eg. funding and technical advisory services in project preparation phases; technical assistance for sustainable infrastructure planning and financial design; existing funding and financing lines and programmes; resilience and sustainability standards and certifications for market integration; environmental, social and governance assessment tools; training packages for readiness; etc.).

In line with CCFLA’s five key recommendations[1] addressing the financial gap for Local and Regional Governments (LRGs), the Mapping presents an analysis of the global range of initiatives that contribute to:

About 180 initiatives were identified of which 89 were mapped out targeting specifically the urban, subnational and climate nexus, their analysis reveals that:

The Mapping of CCFLA members’ initiatives supporting cities and regions financing of climate action represents a strategic step in reinforcing data production and analysis, converging of efforts, and cooperation among CCFLA members, as well as with other key climate finance stakeholders and coalitions.

The Report can be downloaded here:

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[1] Published in 2015, the CCFLA State of Cities Climate Finance 2015 report proposes the following five measures to address the financial gap:

  1. Engage with national governments to develop a financial policy environment that encourages cities to invest in low-emission,climate-resilient infrastructure.
  2. Support cities in developing frameworks to price climate externalities.
  3. Develop and encourage project preparation and maximise support for mitigation and adaptation projects.
  4. Collaborate with local financial institutions to develop climate finance infrastructure solutions for cities.
  5. Create a lab or network of labs to identify catalytic financial instruments and pilot new funding models.