What we offer
The Gap Fund provides a range of technical assistance and capacity building to support climate-smart planning and investment in cities in developing and emerging countries.
Gap Fund support can play an important role in their medium- to long-term recovery efforts in four ways:
- Address sprawling urban growth by providing city planners with upstream technical assistance and tailor-made tools to enhance cities’ low-carbon planning and resilience efforts.
- Help city leaders downstream build a pipeline of high-quality, climate-smart urban investments, with a focus on early, often underfunded stages of project identification and preparation.
- Facilitate the connection between cities and prospective financing partners, for example World Bank or EIB lending, or third-party financiers.
Leverage international collaboration and partnerships with city networks, such as the Global Covenant of Mayors, to learn from each other and standardize approaches.
The Gap Fund will finance
the following activities:
- Supporting city climate strategy development and the generation of in-depth analytics to assess the climate action and resilience potential of plans, strategies, and investment programs
- Providing capacity building for low- carbon capacity and climate-resilient urban development
- Supporting the prioritization of investments as part of a climate strategy or investment program
- Defining project concept definitions and the components of pre-feasibility studies
- Supporting a strengthened approach to project financing
- Matchmaking with additional support sources for later stages of project preparation
- Offering potential support to fill in other project preparation gaps
The City Climate Finance Gap Fund (Gap Fund) supports climate-smart urban planning and early stage project preparation. Accordingly, its role solely involves providing advisory and technical assistance support. While the Gap Fund may help identify further sources of funding for later project cycle stages, it is not designed to finance investments directly.