About the Organization
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.
About the Grant
The City Climate Finance Gap Fund supports cities with early-stage technical assistance for low carbon and climate resilient urbanization plans and projects.
It supports three main goals:
- Provide technical assistance and capacity building for low carbon, resilient urbanization.
- Build a high-quality urban investment pipeline for laterstage technical assistance.
- Share knowledge on project preparation with developers and financiers.
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 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.
Eligibility
- Eligible countries — The Expression of Interest must come from developing and emerging countries identified in the ODA-OECD DAC list
- Climate action potential — The Expression of Interest must aim to make an ambitious contribution to the mitigation of greenhouse gas emissions to meet the 1.5˚ Celsius goal identified in the Paris Agreement and/or adaptation to climate change.
- Applicants must commit to carrying out an estimation of the proposal’s climate change mitigation or adaptation potential or working with Gap Fund experts to estimate it.
- Applicant/Ownership — The applicant must be a city or local government official or a third party that submits the proposal officially on behalf of the city or local government.
- Urban dimension — The project must be situated in an urban area or functionally linked to one. Proposals presented by public or private developers with clear linkages to sub-national governments will be eligible, so long as a proposal’s urban dimension is clear and local political ownership is verified.
- Stage — Gap Fund activities can provide support to cities either in strategic planning or up to the pre-feasibility stages of a project, namely:
- Climate strategy development/enabling environment
- Project definition/concept
- Pre-feasibility
You can apply by visiting: Link
For more information, visit: Link
