Enhancing the strategic role of national development banks as drivers of low-carbon climate-resilient urban infrastructure investments in developing and emerging economies (NUCA)
Cities generate around 70% of the global greenhouse gas emissions and face various challenges for developing and funding climate-smart projects. National development banks (NDBs) are well positioned to support those projects, as they are ideally placed to de-risk or cover upfront costs, can provide local currency and can leverage locally adapted financial instruments. However, NDBs face barriers in supporting the urban sector, among which the limited capacity of Cities to develop feasibility studies and projects pipe-line coupled with the lack of favourable regulatory and institutional frameworks which limit the cities financial autonomy and planning. The NUCA Programme will address these shortcomings by developing strategic urban climate financing pipelines for cities supported by appropriate financial products, building capacity within NDBs and cities, and working with regulators on improving framework conditions for urban climate finance by NDBs and mobilizing private sector.
- Countries
- Brazil, Colombia, Indonesia, Mozambique, South Africa
- IKI funding
- 19,968,470.00 €
- Duration
- 11/2022 till 12/2028
- Status
- open
- Implementing organisation
- AFD - Agence Française de Développement
- Political Partner
-
- Department of Forestry, Fisheries and the Environment (DFFE) - South Africa
- Financial Superintendency of Colombia
- Ministry of Finance - Indonesia
- Ministry of Integration and Regional Development (MIDR) - Brazil
- Ministry of Land and Environment - Mozambique
- Implementing Partner
-
- Brazilian Development Bank
- C40 Cities Climate Leadership Group
- Development Bank of Latin America (CAF) - Latin America
- Development Bank of Southern Africa (DBSA)
- PT Sarana Multi Infrastruktur
- The Eastern and Southern Africa Trade and Development Bank
State of implementation/results
- The implementation phase of the project began at the start of 2024. The project is planning multi-stakeholder-workshops in the individual project countries.
Latest Update:
08/2024
Project relations
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