Cities Climate Finance Leadership Alliance (the Alliance)
|Name of initiative||Cities Climate Finance Leadership Alliance (the Alliance)|
|Secretariat|| Focal Point: Priscilla Negreiros (Climate Policy Initiative- CPI)
|Organisational structure|| The Alliance has four main structural groups: The Secretariat, the Members, the Action Groups and the Steering Committee.
The Secretariat provides coordination for the Alliance’s activities including facilitation of meetings, management of day-to-day affairs of the Alliance (including the commissioning of specific activities). Decision-making on routine matters of day-to-day coordination and the mechanics of coordinating periodic meetings convened by the Alliance will be handled by the Secretariat. The Secretariat is also responsible for organising an annual members assembly and for leading Alliance Fundraising efforts. The Secretariat is hosted by the Climate Policy Initiative (CPI).
The Steering Committee is responsible for making strategic decisions on items put forward by the Secretariat, reviewing and agreeing on a 2-year strategy along with work plans and budget requests from the Action Groups. The Steering Committee provides operational and financial oversight of and political guidance to the Secretariat. It engages external relations activities for the Alliance and promotes its work. It works closely with the Secretariat to mobilize financial resources to support the work of the Alliance. The Steering Committee includes fourteen seats, including two from each of the seven constituency groups represented in the Alliance.
The Action Groups (AGs) lead substantive efforts of the Alliance. The groups are a set of Alliance members that work together to achieve pre-agreed goals in a specified timeframe in the city-level climate-related finance area. The AGs will be convened, covering work areas and tasks that are agreed in the Working Plan of each group. Each Action Group will be led by chair/co-chair, supported by the Secretariat.
|Name of lead organisation||Climate Policy Initiative (CPI)|
|Type of lead organisation||Academic/Research institution|
|Location/Nationality of lead organisation||United Kingdom|
|Description|| The Cities Climate Finance Leadership Alliance (the Alliance) is a multi-level and multi-stakeholder coalition aimed at closing the investment gap for urban subnational climate projects and infrastructure. The Alliance provides a platform to convene and exchange knowledge among all relevant actors dedicated to urban development, climate action, and/or financing.
Alliance members include public and private financial institutions, governments, international organizations, NGOs, research groups, and networks that represent most of the world’s largest cities. As such, its members also represent the main market players in city-level climate finance.
|Objectives||The objective of the Cities Climate Finance Leadership Alliance is to mobilize finance for city-level climate action at scale by 2030 mainly through amplifying ambition and engagement for city-level finance and by bridging the demand and supply along the investment chain for city-level climate-related finance.|
|Activities|| Facilitating Investment through Action Learning and Analysis :
The Alliance aims to facilitate investment through four main thematic Action Groups: a. Project preparation; b. Financial toolbox; c. Enabling frameworks; d. Global architecture. The Alliance will be publishing a renewed version of the State of Cities Climate Finance Report to track current levels of investment in low-emission, climate resilient urban infrastructure and gather best practices and commitments from Alliance members. It will also provide analytical briefs and research pieces on various topics to identify gaps and/or solutions to gaps in city-level climate-related finance. It will be establishing linkages with other global initiatives like the Gap Fund, Leadership for Urban Climate Investments (LUCI).
Sharing knowledge, resources, and actions through an online hub: The Alliance plans to build a knowledge hub, an organized repository of knowledge. It will serve the multiple stakeholders in the sub-national climate finance domain especially the local governments and city networks with low capacity for identifying existing solutions and gaps in city-level climate-related finance. It will aim to avoid duplication of efforts and repetition of the same mistakes due to lack of knowledge of best practices. It will be a curated repository of financial tools (e.g., open access financial models), templates (e.g., financial instrument blueprints, project preparation requirements), helpful for cities to access climate finance.
Elevating commitments and amplifying actions to scale: The Alliance will organise an Annual Alliance Assembly with all members typically organized in the margins of a large conference. It will actively participate in other global events on sub-national climate finance. It will organise local and regional practitioner forums with the Project Preparation Action Group. The Secretariat also has plans to announce the Annual Alliance Scale Impact Prize to recognize and elevate best practices/ projects/ initiatives of Alliance members.
|One or two success stories achieved|| The first “State of City Climate Finance” report was launched in 2015 by the Cities Climate Finance Leadership Alliance. The report identifies the gap between the current levels of investment in low-emission, climate-resilient urban infrastructure and the volumes required to ensure that the world is on track to keep global temperature rise below 2 degrees. The report also includes analysis of major barriers to investment and solutions to address these. The report suggests that national governments adopt policies and incentives that encourage cities to invest in low-emission and climate-resilient infrastructure. Also, it urges cities to adopt frameworks that put a price on carbon, such as cap-and-trade mechanisms or traffic congestion charges. Finally, it recommends strengthening banks and institutions that will support cities in developing investment-worthy climate-related projects. It suggests that international development finance be directed through local financial institutions, which are well-positioned to help cities finance climate-smart infrastructure solutions.
Members of the Alliance gathered under the Project Preparation Action Group (PPAG) to develop a joint understanding of the early stage Project Preparation issues impeding demand to meet supply. Several Knowledge Products are produced so far and a ‘Subnational Project Preparation Practitioner’s Forum’ was organised in November 2018 enabling Project Preparation Practitioners and Project Preparation Facilities (PPFs) to share their lessons learned and increase cooperation in Mexico. The Action Group plans to undertake many activities in the next two years to foster co-operation among PPFs and facilitate easier access to climate finance for cities across the world.
Monitoring and Impacts
|Function of initiative||Technical dialogue, Political dialogue, Capacity building|
|Activity of initiative||Knowledge dissemination and exchange, Awareness raising and outreach, Training and education|
|Goals||The Cities Climate Finance Leadership Alliance aims to mobilize finance for city-level climate action at scale by 2030 mainly through amplifying ambition and engagement for city-level finance and by bridging the demand and supply along the investment chain for city-level climate-related finance. The Alliance is committed to building more awareness of city finance needs and opportunities. It will work towards identifying existing solutions and gaps in city-level climate-related finance, supporting new investment solutions that can fill the crucial gaps in cities climate finance and crafting a strong global architecture to support measurement and evaluation.|
|Comments on indicators and goals|
|How will goals be achieved|
|Have you changed or strenghtened your goals|
|Progress towards the goals|
|How are you tracking progress of your initiative|
|Available reporting||Please go to http://www.citiesclimatefinance.org/|
|Companies||6||Bank of America Merrill Lynch (USA),CITI Group (USA),Climate Place (Switzerland),Deutsche Bank (Germany),Meridiam (France),Standard and Poors Ratings Agency (USA).|
|Research and educational organisations||6||CDP (United Kingdom), Climate Bonds Initiative - CBI (USA), Climate Policy Initiative - CPI (USA), EIT Climate KIC (Denmark), Johns Hopkins School of Advanced International Studies (USA), University of Maryland College Park (USA).|
|Non-governmental organisations||18||C40 Cities Finance Facility - CFF (USA), Global Infrastructure Basel - GIB (Switzerland), Gold Standard Foundation (Switzerland), LTIIA (France), South Pole Group (Switzerland), Sustainable Infrastructure Foundation - SIF (Switzerland), World Resource Institute - WRI (USA), World Wide Fund for Nature - WWF (USA), Bloomberg Philanthropies (USA), Children's Investment Fund Foundation - CIFF (USA), Church Investment Group (USA), C40 Cities Climate Leadership Group (USA), Commonwealth Local Government Forum - CLGF (United Kingdom), Global Covenant of Mayors - GCoM (USA), Global Fund for Cities Development - FMDV (Spain), ICLEI (Germany), R20 - Regions for Climate Action (USA), United Cities and Local Governments - UCLG (Spain)|
|National states||2||Government of France (France), Government of the United States of America (USA).|
|Governmental actors||6||Agence Congolaise de Transition Eclogique et Developpement Durable - ACTEDD (Congo), Japan International Cooperation Agency - JICA (Japan), Swiss Economic Development Cooperation State Secretariat for Economic Affairs - SECO (Switzerland), Federal Ministry for Environment, Nature Conservation and Nuclear Safety (Germany), Federal Ministry of Economic Cooperation and Development (Germany), The Deutsche Gesellschaft für Internationale Zusammenarbeit - GIZ (Germany).|
|Regional / state / county actors||0|
|City / municipal actors||0|
|Intergovernmental organisations||12||Cities Development Initiative for Asia - CDIA (Philippines), Climate and Clean Air Coalition - CCAC (France), Global Environment Facility - GEF (USA), Global Infrastructure Facility - GIF (Switzerland), Green Climate Fund - GCF (USA), OECD (France), The Climate Investment Funds - CIF (USA), UN Executive Office of the Secretary General - UNSG (USA), UN Habitat (Kenya), United Nations Capital Development Fund - UNCDF (USA), United Nations Development Program - UNDP (USA), United Nations Environment Program - UNEP (Kenya).|
|Financial Institutions||10||African Development Bank - AfDB (Ivory Coast), Agence Française de Développement - AFD (France), Banco de desarrollo de América Latina - CAF (Venezuela), Banque Ouest Africaine de Développement - BOAD (Togo), European Bank for Reconstruction and Development - EBRD (United Kingdom), European Investment Bank - EIB (Luxembourg), Inter-American Development Bank - IDB (USA), Kreditanstalt für Wiederaufbau - KfW (Germany), Le Fonds Français pour l'Environnement Mondial - FEEM (France), World Bank (USA).|
|Number of members in the years|| |
|Have only national states as participators||No|
|Transport||Agriculture||Forestry||Business||Financial institutions||Buildings||Industry||Waste||Cities and subnational governments||Short Term Pollutants||International maritime transport||Energy Supply||Fluorinated gases||Energy efficiency||Renewable energy||Supply chain emission reductions||Adaptation||Other||Resilience||Innovation||Energy Access and Efficiency||Private Finance|
Not only have national states as participators