City Climate Finance Gap Fund

The 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. In an environment where resources and expertise are limited, the Gap Fund supports cities and local governments in preparing and prioritizing climate-smart plans and investments with the goal of attracting more financing and support for implementation.The Gap Fund can:Provide city planners with upstream technical assistance and tailor-made tools to enhance cities’ low-carbon planning and resilience efforts to address urban sprawling growth;Help city leaders build a pipeline of high-quality, climate-smart urban investments, with a focus on early and often underfunded stages of project preparation.Facilitate the connection between cities and prospective financing partners, such as the World Bank or EIB lending, or third-party financiers.Leverage international collaboration and partnerships with the Global Covenant of Mayors and city networks to learn from each other and standardize approaches.