ICLEI – Local Governments for Sustainability is a global network working with more than 2,500 local and regional governments committed to sustainable urban development.
ICLEI – Local Governments for Sustainability is a global network working with more than 2,500 local and regional governments committed to sustainable urban development.
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.
Read more Read lessNumber of local governments supported, number of MoUs signed, total potential investments in supported projects, number of sessions accomplished
Read more Read lessIn 2024, the Green Finance team: 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; 5 cities supported 1 knowledge product developed 14 TA sessions completed NET ZERO Project Tested and successfully developed with NET ZERO (private company) a new methodology to funds mapping and financial institutions engagement for sustainable finance operations; 100+ finance mechanisms mapped ICLEI Innovation Implemented at Porto Alegre the third cycle of the program with a special focus on accelerating Nature-based Solutions in brazilian startups. 8 startups and 2 local governments supported 21 mentorship sessions completed CAF Signed with CAF a technical cooperation to be implemented by ICLEI at the Amazonian region for the development of a pipeline of bankable projects; Completed the first cycle of assistance to climate projects for local governments in the Amazon region. Elaborated an online course about project development to be used in this and other projects. 1 MoU signed 3 local governments supported 15 TA sessions completed US$165 million in potential investments for climate projects ABDE Signed an MoU and a Term for support in ICLEI regional summits; is counting with the partner’s support in approaching national and subnational financial institutions for potential partnerships 1 MoU and 1 Term signed TAP Brazil Country Program Developed the concept and workplan of the TAP Brazil Country Program, dedicated to increase visibility and effectiveness of the platform in the Brazilian context, aiming to accelerate financing for local climate projects. NBCities Supported and developed the “Polígono dos Parques” project, proposed by the city of Belém through TA sessions; Project was approved in the TAP pipeline. 1 local government supported 5 TA sessions completed US$11 million in potential investments for climate project IDB Amazon project development Approval of proposal for assisting project development for cities in the Amazon region. Implementation to be started soon. 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). Financial mechanisms internal mapping Development of data bank of financial mechanisms from national and international sources that can be accessed by local governments, to be consulted when supporting cities’ climate projects. 100+ mechanisms mapped
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