At a glance
Total funds contributed:
of which €
48managed by the EIB
Donors financing approved
Urban climate resilience and adaptation
Water and sewerage
Energy efficient affordable housing
The European Investment Bank supports the City Climate Finance Gap Fund. A financial instrument that provides cities in developing countries the help they need to adapt and mitigate the effects of climate change. See how the Gap Fund helps cities in Uganda find ways to improve their waste treatment.
This video presents the second round of city announcements benefitting from the City Climate Finance Gap Fund. The World Bank and the European Investment Bank (EIB) in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), are implementing the City Climate Finance Gap Fund, a new partnership supporting green, inclusive, resilient, creative and competitive cities in developing countries. Through donor-supported technical assistance, with a target of at least 100 million in funding, the Gap Fund aims to unlock an estimated 4 billion to help cities transform climate ambition into finance-ready projects.
Local partners to help tackle waste and protect the oceans in the area. Discover this project in our video! Find out more about the Global Climate City Challenge.
The COVID-19 pandemic gave us insight into how to collectively rebuild and reimagine the cities of the future. City Climate Finance Gap Fund, a new partnership funded by Germany and Luxembourg and implemented by the European Investment Bank and the World Bank, will tackle this issue and aim at low-carbon, sustainable recovery.