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Green Climate City Challenge call for applications: Deadline extended to 28 February

The Global Climate City Challenge (GCCC), which provides project preparation support and capacity building in project finance, is now accepting applications until 28 February 2019. This challenge is open to “municipal and local authorities or entities such as municipal companies, utilities and local banks with an interest in addressing climate change.”

Finance is often a serious obstacle for cities. According to the report, Data speak louder than words, 70 percent of all local climate action is funded through local resources, even though local implementation is key to achieving a country’s Nationally Determined Contributions (NDCs). The GCCC seeks to provide cities with the tools they need to explore external sources of climate finance and develop project proposals that attract funding partners.

The GCCC is an initiative developed through a partnership between the European Investment Bank (EIB) and the Global Covenant of Mayors for Climate & Energy (GCoM). The project is implemented in partnership with networks and implementing partners such as ICLEI and C40, and GIZ 

Local governments looking to build financial tools and explore new mechanisms for climate finance can see the full list of benefits, eligibility criteria and application information on the GCCC webpage. 
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