City Climate Finance Gap Fund

The World Bank and European Investment Bank (EIB)

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.

 

Support

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

Support Type

  • Grants
  • Technical Assistance

Focus

Project Stage

  • Local Government Capacity Building
  • Concept/design/scoping
  • Pre-feasibility

Sector

  • Renewable Energy
  • Water, Sanitation, and Waste
  • Transportation/Mobility
  • Urban Public and Green Space
  • Energy Efficiency
  • Land Use and Nature-based Solutions
  • Adaptation and Resilience
Photo Credit: Lize Festers-