Financial Intermediaries Cities Climate Action Programme (FICCAP)
Medellin, Colombia © Getty/Unsplash
FICCAP helps financial intermediaries (FIs) identify, structure, and finance bankable urban climate projects. Funded under the City Climate Finance Gap Fund and implemented by the European Investment Bank, FICCAP complements the Fund’s city-facing support by focusing on the banks that unlock scale.
What FICCAP is
FICCAP is the Gap Fund’s technical assistance for financial intermediaries in OECD-DAC eligible countries. It complements the Fund’s city-facing, upstream support by building the skills, tools, and processes banks need to finance low-carbon, climate-resilient urban projects.
FICCAP support includes:
1. Urban Climate Finance Training
Practical, modular training on municipal lending, project appraisal and due diligence, climate risk and data, adaptation and resilience, reporting and disclosure.
2. Tailored bilateral support
Hands-on help to embed procedures and tools; strengthen E&S compliance; and develop bankable pipelines aligned with FI strategy and Gap Fund/EIB standards.
3. Peer learning & visibility
Knowledge exchanges, targeted exchange visits, and case studies that share what works and spotlight successful approaches.
4. Practical tools & resources
Targeted guidance, technical notes, and operational resources to help FIs strengthen internal processes, improve project screening and appraisal, and build urban climate finance pipelines.
Why FICCAP
Urban climate finance is a growing business area, but projects are often complex, cross sector and slow to reach bankability. FICCAP helps interested financial intermediaries turn city climate plans into robust investment pipelines by reducing transaction costs, aligning processes with international climate standards, and strengthening their role in sustainable urban finance.
trillion USD per year
Global investment gap for urban climate mitigation until 2050
Percent
Share of global CO₂ emissions originating in cities
billion urban residents
Projected to be exposed to extreme heat by 2050 without effective adaptation
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Pipeline Development |
Unlock new business opportunities by building your capacity to identify and finance bankable projects in urban climate finance. |
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Build Institutional Capacity |
Equip your teams with practical skills to identify, appraise, and invest in urban climate projects. |
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Access to Tailored Training |
Customised modules based on your needs and market realities. |
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Local Expertise and Direct Support |
Benefit from expert-led, practical training that addresses your FI’s real challenges and priorities. |
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Enhanced Visibility |
Equip your teams with practical skills to identify, appraise, and invest in urban climate projects. |
Who it’s for
- National development/promotional banks (NDBs/NPBs)
- Selected commercial financial intermediaries lending to municipalities or urban utilities
- Institutions with leadership commitment and nominated staff to engage
Urban development areas and sectors covered
Low-carbon & carbon neutral mobility
Low-Emissions and Adapted Water and Sanitation
Renewable Energy in Cities
Energy Efficiency and Buildings Adaptation
Low-Emissions Solid Waste Management and Circularity
Climate Resilient Cities and Nature-Based Solutions
