What we did
To support local government efforts in addressing the climate crisis, ICLEI SAMS has been strengthening its Green Finance sector in recent years. This initiative aims to solidify ICLEI's position as a leading institution in environmental and climate finance. By establishing a robust connection between local governments and financial entities, the objective is to enhance the ability of local governments to access qualified financing.
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What we achieved
In 2024, the Green Finance team:
Flagship cities:
Completed the capacity building and mentorship program for 15 GCoM cities (GCoM Flagship Cities) focused on the development of climate bankable projects, resulting in 15 bankable projects worth approximately 80 million dollars in investment, with 4 of them being integrated into the TAP pipeline from the South America region;
Gap Fund SUP:
Implemented the Gap Fund SUP project across three Gap Fund projects in Brazilian cities and two in Ecuadorian cities, aiming to enhance their development and complement the technical assistance they have already received through the Gap Fund program, qualifying the projects for access to necessary financing;
Established a Regional Community of Practice in the context of the Gap Fund SUP, hosting several workshops;
Began consolidating knowledge products for the region;
Knowledge product from the GAP Fund SUP, focusing on the development of bankable projects and stakeholder engagement in NbS (Nature-based Solutions) projects;
NET ZERO Project:
Developed and tested with NET ZERO (private company) a new methodology to funds mapping and financial institutions engagement for sustainable finance operations;
ICLEI Innovation:
Revised and implemented at Porto Alegre (Brazil) the program ICLEI Innovation (start-up accelerator);
CAF
Signature of technical cooperation to be implemented by ICLEI at the Amazonian region for the development of a pipeline of bankable projects;
Knowledge and partnerships:
Knowledge product on PPPs (Public-Private Partnerships), adapting the ICLEI PPP toolkit to the Brazilian context;
Continued the process of creating standardized documents for the new Green Finance department, consolidating previous information and gathering new data;
Executed several workshops and events related to green finance for associates in the region;
Held bilateral meetings with cities to provide light-touch technical assistance, supporting the development of project concepts;
Became part of the advisory board of FINACLIMA SP (blended finance mechanisms for the State of São Paulo).
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