The grant comes under the EIB’s Economic Resilience Initiative, aiming to mobilise finance to support growth, job creation, vital infrastructure projects and social cohesion in the Western Balkans.
With lessons learned over its two years of operation, the Gap Fund climate initiative aims to expand its technical assistance to as many as 40 new cities in the upcoming year
Climate action requires policy changes, but also enormous financing needs that come at a time when the world is facing historically limited fiscal space.
Leveraging climate finance at the scale and speed needed to address the climate crisis is a key global commitment. Within this, cities and urban systems will be critical for achieving a global green and inclusive transition. The event will present the City Climate Finance Gap Fund, a multilateral partnership involving the World Bank, the European Investment Bank, and other partners.
EIB: City Climate Finance Gap Fund completes first year of operation with support to 33 cities sciencebusiness.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sciencebusiness.net Daily Mail and Mail on Sunday newspapers.