Financing Energy for Low-carbon Investment - Cities Advisory Facility (FELICITY)

The emissions mitigation potential of sustainable energy systems in cities and municipalities still cannot be realised, despite an increase in the supply of financial instruments. Cities and municipalities often lack the relevant knowledge, the capacities for the development of projects that are eligible for funding and adequate framework conditions for the fulfillment of international loan requirements. The Gesellschaft für Internationale Zusammenarbeit (GIZ) and the European Investment Bank (EIB) established an advisory facility at the EIB to address these challenges. The project advised cities and municipalities on how to apply for and use funding, supported capacity building in local administrations and advised policymakers on international climate financing at national level. It also promoted knowledge management for financing mechanisms and the further development of instruments and methods such as the Nationally Determined Contributions. The project is part of the IKI Corona Response Package.