The City Climate Finance Gap Fund has approved technical assistance for 33 cities around the world since its operational launch in September 2020, filling a critical gap in technical assistance funding to help cities turn their climate ambitions into finance-ready projects.
The Gap Fund has received more than 140 expressions of interests and approved technical assistance for 33 cities in Brazil, Colombia, Democratic Republic of Congo, Ecuador, Ethiopia, Guatemala, India, Indonesia, Kosovo, Mexico, Montenegro, Morocco, Panama, Senegal, South Africa, Uganda, Ukraine, Vanuatu and Vietnam. An additional 30 cities are currently undergoing a detailed assessment for potential Gap Fund support, with a total target of at least 180 cities.
The Gap Fund is currently capitalized at €55 million ($64 million), with a target of at least €100 million ($117 million) and the potential to unlock an estimated €4 billion ($5 billion) in investments. The aim is to help cities understa
