C40 Cities Finance Facility (CFF) Fact Sheet
This fact sheet provides information on the C40 Cities Finance Facility (CFF), a joint project that supports C40 cities in developing and emerging countries to prepare and deliver sustainable, low carbon and climate adaptation projects. Included is information on the partnerships, program objectives, principles of operation, pilot cities and technical assistance and capacity development.
Access to finance is one of the most significant barriers that mayors and city leaders face in delivering on climate change plans for their cities; especially in cities from developing countries and emerging economies where there is a shortage of expertise in securing investment for infrastructure projects. These cities have enormous potential to reduce greenhouse gas (GHG) emissions while being highly vulnerable to the impacts of climate change. In order to address this issue, the C40 Cities Climate Leadership Group (C40) and the German Federal Ministry for Economic Cooperation and Development (BMZ) initiated the C40 CFF as a joint project.
The ultimate objective of the CFF is to reduce GHG emissions and increase climate resilience in cities by mobilising financing for city-level climate change action. The CFF will aim to achieve the following high-level project outcomes: project preparation, capacity development, knowledge sharing and partnerships.
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