Last week in Brussels, teams from the Global Covenant of Mayors (GCoM) and the City Climate Finance Gap Fund came together for a 3-day strategy retreat – a pivotal gathering aimed at accelerating climate action in cities worldwide. Before that, and recognizing the importance of collaboration and alignment, the GCoM Gap Fund team organized a … read more
The governments of Germany and Luxembourg announced new funding of €50 million for the City Climate Finance Gap Fund (the Gap Fund), a multi-donor fund implemented by the World Bank and the European Investment Bank (EIB) together with partners. These resources will go to develop low-carbon and climate-resilient urban investments, and will nearly double the Gap Fund’s capitalisation — … read more
Washington/ Luxembourg, 23 September 2021 – The City Climate Finance Gap Fund (the Gap Fund) has approved technical assistance for 33 cities across the developing world since its operational launch in September 2020, filling a critical gap in technical assistance funding to help cities turn their climate ambitions into finance-ready projects. Marking its one-year operational launch anniversary today, … read more