What we are doing
Institutional investors, national governments, and local communities are all orienting their policies to promote serious investments in climate action and sustainable development. Despite this favorable environment, there exists a serious gap between how much money could be profitably invested in these projects, and how much money is actually being invested. There is an extreme shortage of projects that are robust enough in terms of bankability to be taken over and funded by financial institutions or the private sector.
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How we are tracking
- Total number of applications per year
- Total number of projects screened
- Total number of customized recommendations
- Total number of improved applications
- Total number of projects that managed to access finance
- Total number of projects connected with partners
- Total number of project preparation toolkits developed
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What we are achieving
The Transformative Actions Program (TAP) provides a framework for this by connecting transformative local climate projects with project preparation facilities (PPFs) and tools that improve project bankability. Projects in the pipeline are screened based on their transformative impact which ensures their enduring potential. ICLEI develops partnerships that connect the goals of diverse stakeholders into one coherent value chain for developing robust, transformative and bankable projects that will accelerate low-to-no emission and climate-resilient development. ICLEI regional offices act as catalysts for mobilizing projects and as the first “filter” to identify priority projects.
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