C40 Cities Finance Facility
You can find up-to-date information on the C40 Cities Finance Facility on its website:
The new website includes detailed pages on the CFF's current projects, outlining the project's objectives and progress achieved so far through key statistics and visual infographics:
• Mexico City – A 22km electric bus corridor.
• Bogotá – A 25km long cycle corridor.
• eThekwini - Clearing and maintenance up to 3000km of watercourse
• Bogotá, Bucaramanga, Cali, Montería – Public Bikeshare Systems Tshwane – A 17km bicycle spine through the city and support in the construction of a combined heat and power biogas plant.
• Quito – Electrification of the Ecovía Bus Rapid Transit (BRT) corridor.
• Curitiba – Installation of solar panels on four bus terminals and the deactivated Caximba Landfill in Curitiba.
• Quezon City – Installation of solar panels on 50 schools.
• Dar es Salaam –Reducing the vulnerability of the Msimbazi floodplain to extreme climate related flooding.
The News & Events section features recent coverage of the two projects in both international and national media, and a list of past and upcoming events at which the C40 Cities Finance Facility will play a key role.
The Knowledge Library is an interactive collection of reports, videos, tools and briefing guides, which we encourage visitors to explore to understand more in depth the key issues in the fields of climate change, urbanisation and climate change. The information currently featured will be complemented by the CFF's own project briefings, webinars and case studies shortly.
Finally, the new website features an application portal where cities can apply for CFF support.
Access to finance is one of the most significant barriers that mayors face in delivering on their climate change plans. This challenge is particularly acute in cities from developing countries and emerging economies where there is a shortage of expertise in securing investment for infrastructure projects. At the same time, these cities have enormous potential to reduce emissions while being highly vulnerable to the impacts of climate change.
The CFF is a collaboration of C40 Cities Climate Leadership Group and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The CFF supports cities in developing and emerging economies to develop finance-ready projects to reduce emissions limiting global temperature rise to 1.5°C above pre-industrial levels and strengthen resilience against the impacts of a warming climate. The CFF is funded by the German Federal Ministry for Economic Development and Cooperation (BMZ), the UK Department for Business, Energy and Industrial Strategy (BEIS) and the United States Agency for International Development (USAID).
The ultimate objective of the CFF is to reduce greenhouse gas emissions and increase resilience by mobilising finance for city-level climate change action.
The CFF will aim to achieve the following high-level project outcomes:
- Prepare technically and financially sound urban climate change projects for sustainable financing; Develop the institutional capabilities of city administrations to access a broad range of financing instruments; Share knowledge beyond CFF partner cities via peer-to-peer learning and through other CFF stakeholders;
- Form stronger partnerships between cities, investors/financiers and their representations.
The CFF is currently supporting projects in fourteen cities. Bogotá is building a first of-its-kind 25-kilometre bicycle highway connecting citizens from low, middle and high-income neighbourhoods to work, education and recreation opportunities. Mexico City is implementing a 22km Zero Emission Corridor on the major thoroughfare of Eje 8 Sur, by purchasing a fleet of electric buses and serving an estimated 185,000 users daily. eThekwini (Durban) is implementing a community-operated river restoration programme, clearing 3000km of watercourses surrounding the city and significantly reducing the city’s vulnerability to climate-related flooding.
Please email email@example.com for more information about the C40 Cities Finance Facility.