A funding mechanism will be developed to enhance the implementation of ambitious local climate plans. Our model aims to provide a financing solution for the broad spectrum of the local climate action plan, instead of adopting a common individual project-by-project financing approach, where only the most profitable projects get funded (“cherry picking”). We will focus on lifting financial and non-financial investment barriers and emphasise mobilisation of private capital instead of public budgets. We aim to establish a revolving fund whereby financial means are reallocated to other projects.
Throughout the project, identified and implemented solutions will be presented in this section.