The 2017 CCFLA’s Global Mapping of Initiatives serves several purposes, as follows:
1 Gain and disseminate a global overview of the complementary activities developed by CCFLA members along the financial value chain. Assess progress made, identify new trends, and list new initiatives.
- Providing reference data, knowledge and information on climate finance initiatives, and integration of the local and subnational levels in the global financial ecosystem;
- Understanding and listing the available options to fund and finance local climate projects; supporting better access to funding and financing for LRGs; facilitating adapted technical assistance according to the scale of intervention, size of the project, its localization; foster knowledge transfer on funding and financing sources, and technical solutions.
2 Set the ground for adding a subnational and local dimension to global and country specific climate finance and resilient infrastructure investment strategies, in cooperation with NDC Partnership, and other key coalitions and initiatives like Climate Action in Financial Institutions;
3 Set the state of the art, and identify the gaps in subnational project preparation; and understand the process of the creation of solid pipelines of resilient projects, based on a first scoping report by GIB Foundation, FMDV and ICLEI, supported by GIZ.
4 Encourage cooperation among CCFLA members while building the case for regional approach in creating a convergence between projects and programs, and focusing on pilot regions (on-going discussions with West African Economic and Monetary Union-WAEMU, and Union for Mediterranean-UfM).
Chapter One is exposing the rationale on urban climate finance presenting the main challenges that urban areas are facing to plan, design, finance and operate climate actions. The Chapter also presents the main overall trends among the climate finance community.
Chapter Two presents an analysis of the scope and scale of CCFLA members’ cities and regions climate finance actions.
Chapter Three suggests a set of workstreams for CCFLA to focus on to scale up action, engage new collaboration opportunities, and accelerate investments in resilience.
This report will be a key tool for the third work stream of the Climate Action in Financial Institutions Initiative focusing on City-level Climate Smart Approaches and Financial Instruments.