Outcome 2 :
Project will enhance capacities of city and state governments to access finance for scaling up urban climate actions.
project will support cities and improve cities’ capacities to raise a variety of resources for pursuing climate action, overcoming limitations and utilizing opportunities. It will augment city level resources especially voluntary financing by working effectively with key stakeholders at local levels.
Project will support the creation of a “local climate financing community”, comprising project finance oriented stakeholders such as financial institutions, CSR heads of major corporates in the state, trade bodies, market associations and infrastructure developers.
Project will assess potential projects, establish a pipeline of bankable projects and will support cities with an aim to to get at least 1 project in each city to a stage of Project with Bankability Report.
Projects will complement the efforts on the public side by supporting the cities in mobilizing financing for the bankable projects through multiple channels such as strategic partnerships, green financing mechanisms, matching of financing possibilities with sectoral financing schemes for cities in India and from the private sector.
In order to replicate and multiply the direct project support in structuring and access to finance projects will provide an analysis of lessons learnt, develop standard contracts, guidance documents and learning toolkits as a basis for capacity building activities.