Resilient Cities - Bonn 2013 - Banner
Resilient Cities - Bonn 2013 - Banner

Climate-KIC Matchmaker Workshop: “Connecting cities and investors for climate action”

July 05th 2016, 09:00 - 16:45

Where? Gustav-Stresemann-Institut, 53175 Bonn-Bad Godesberg

 

Summary

Cities and local governments play a crucial role in climate change mitigation. Yet, access to finance remains a challenge. While there is increased interest from investors to finance climate projects, cities across the globe still struggle to access finance for mitigation projects, for a variety of reasons.

Climate-KIC, the EU’s main climate innovation initiative, provides a platform to accelerate public-private innovation partnerships focused on climate mitigation and adaptation. To address this need and increase climate finance streams, CDP (formerly Carbon Disclosure Project) and ICLEI – Local Governments for Sustainability (ICLEI), together with the South Pole Group and the Gold Standard Foundation, warmly invite participants to explore the “matchmaker” service, designed to connect institutional investors and sub-national, national and international public finance institutions to transformative urban climate mitigation projects.

A full day workshop hosted in Bonn, Germany, as a pre-event of the 7th Global Forum on Urban Resilience and Adaptation. This is organized as part of the Climate-KIC’s LoCaL program, aiding local governments to unlock their cities’ climate change mitigation potential. City representatives from 2-3 selected TAP projects will be invited to present and discuss their Transformative Actions Program applications with potential investors. The afternoon will see in-depth discussion between investors and local government representatives to outline mutual priorities. The outcomes will in turn strengthen the Matchmaking service, to be fine-tuned to cater to both cities and investors based on participant feedback.

 

Recommended reading

Findings from two Climate-KIC Low Carbon City Lab (LoCal) projects in 2015, the Climate Financier and Closing-the-Gap-for-Transformative-Local-Action (CGTLA) – highlight the need for a matchmaking service between cities and investors, to overcome barriers related to investment, specifically the upstream process of creating, reporting and marketing transformative projects.

 

Further resources:

 

  1. Introduction to the Climate-KIC Matchmaker project 
  2. Climate Financier
  3. Closing the Gap for Transformative Local Action (CGTLA)
  4. Climate-KIC White Paper: Barriers to Private Sector Investments into Urban Climate Mitigation Projects, CDP, 2016.
  5. Transformative Actions Program: http://www.tap-potential.org , http://tap-potential.org/projects  


Climate-KIC Matchmaker partners

 

 

ICLEI

ICLEI is the world’s leading network of over 1,000 cities, towns and metropolises committed to buildinga sustainable future. By helping our Members to make their cities sustainable, low-carbon, ecomobile, resilient, biodiverse, resource-efficient, healthy and happy, with a green economy and smart infrastructure, we impact over 20% of the global urban population.

Transformative Actions Program (TAP)

Launched in 2015 by ICLEI, the Transformative Actions Program (TAP) is a joint effort among partners to improve access to existing capital flows to cities and regions for maximized low-carbon and climate resilient investments.

CDP - Carbon Disclosure Project

CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of US$95 trillion, to motivate companies and cities to disclose their impacts on the environment and natural resources and take action to reduce them. More than 300 cities disclosed environmental information through CDP in 2015. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.