City Climate Finance Gap Fund

The City Climate Finance Gap Fund, or the Gap Fund, supports cities with early-stage technical assistance for low-carbon, climate-resilient urban development plans and projects.

Resources for development finance are limited. Find out how we work with trust funds – to help get the most out of those resources and make a positive impact in the developing world.

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.

With lessons learned over its two years of operation, the Gap Fund climate initiative aims to expand its technical assistance to as many as 40 new cities over the next year

The City Climate Finance Gap Fund (the Gap Fund) has approved technical assistance for 33 cities 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.

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.

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The Gap Fund aims to back the climate-smart development that will also help cities chart a sustainable recovery from the COVID-19 pandemic

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.

Better Africa urban planning can ensure that cities don’t become magnets for poverty

A joint EIB-German programme boosts climate action in Latin America and Asia where it’s most needed—in the regions’ fast-growing cities

The urban impact of COVID-19 has been sobering, but the mayor of Lima, Peru, sees it as an opportunity to transform the way we look at city life in favor of a green future

As cities recover from the pandemic, they must anticipate a future of climate threats. Here’s how to build urban resilience to future shocks

Cities need to build infrastructure and investors need stable, long-term returns. Smart city technology can bring them together.