Many local governments struggle to develop bankable local infrastructure projects due to limited inhouse skills or capacity. To address this challenge, the European Investment Bank and GCoM partners are offering project preparation and technical assistance to select local governments participating in this challenge.
Measured, quantitative outcomes / project impact
The Global Climate City Challenge is part of a new partnership under the umbrella of Global Urbis, an ambitious global initiative announced during the One Planet Summit in Paris in December 2017, that provides cities and local governments around the world with technical assistance and financing for climate action. The Challenge is a collaboration between the Global Covenant of Mayors and the European Investment Bank with city networks including ICLEI and C40, as well as the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). ICLEI screened project applications and proposed an initial short list of 20 projects to be considered for the final list of 6 to access technical assistance. The frontrunners were announced at the COP25, out of which 2 ICLEI Transformative Actions Program projects were selected in Recife, Brazil and in Jambi City, Indonesia.