Leadership for Urban Climate Investment (LUCI)
General
| Name of initiative | Leadership for Urban Climate Investment (LUCI) |
|---|---|
| LPAA initiative | No |
| NAZCA Initiative | Yes |
| Website address | https://citiesclimatefinance.org/about/luci/ |
| Related initiatives | |
| Starting year | 2019 |
| End year | 2025 |
| Secretariat | Cities Climate Finance Leadership Alliance.
19 Hatfields South Bank, London SE1 8DJ United Kingdom LUCI@citiesclimatefinance.org |
| Organisational structure | LUCI was initiated by a multi-stakeholder coalition led by the German Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU) at the UN SG Climate Summit in 2019. |
| Geographical coverage | Global |
| Name of lead organisation | LUCI |
| Type of lead organisation | Network/Consortium/Partnership |
| Location/Nationality of lead organisation | United Kingdom |
Description
| Description | Leadership for Urban Climate Investment (LUCI) is a framework that elevates and tracks commitments made by Cities Climate Finance Leadership Alliance member initiatives, helping its members to not only think big, but to implement bold and effective targets. The LUCI framework enables these ambitious targets by catalyzing action along the entire value chain of subnational climate finance from project conception through financing. LUCI was initiated by a multi-stakeholder coalition led by the German Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU), and launched at the UN SG Climate Action Summit in 2019. LUCI is now hosted by the Cities Climate Finance Leadership Alliance (the Alliance). |
|---|---|
| Objectives | Develop a holistic framework to develop and finance urban climate smart infrastructure at scale by 2025. |
| Activities | Raise the ambition of relevant stakeholders involved in deploying finance and developing climate smart infrastructure in cities through targets and commitments; link and support initiatives that work along the entire value chain of subnational climate finance; showcase the results of initiatives targeting urban climate finance and infrastructure. |
| One or two success stories achieved |
Monitoring and Impacts
| Function of initiative | |
|---|---|
| Activity of initiative | |
| Indicators | |
| Goals | Strengthen the capacity of 2000 cities in project preparation by 2025.
1000 climate smart urban projects are bankable and linked to finance by 2025. Enable 100 climate smart urban infrastructure projects to use new financing mechanisms by 2025. |
| Comments on indicators and goals | |
| How will goals be achieved | |
| Have you changed or strenghtened your goals | |
| Progress towards the goals | LUCI consists of four integrated components containing over 12 initiatives led by Alliance members. Each initiative mobilizes key stakeholders including national and subnational governments, international finance institutions and climate funds, development banks, city networks, international organizations, and research/academia. Together, these initiatives build an effective and efficient framework that addresses the barriers to implementing climate smart infrastructure in cities at scale. So far, more than EUR 75 million in grants have been made available for initiatives under LUCI. For example, the new City Climate Finance Gap Fund, one central initiative of LUCI, is the first global fund dedicated to supporting cities in the very early stages of project development, with an aim to unlock EUR 4 billion of investment off a EUR 100 million budget. |
| How are you tracking progress of your initiative | Each year, initiatives are asked to report on their progress respective to LUCI targets. The Alliance presents on such progress and identifies further barriers to implementation. To reach LUCI’s ambitious targets, additional initiatives will progressively be incorporated into LUCI’s framework. |
| Available reporting |
Participants
| Participants | Number | Names |
|---|---|---|
| Members | 29 | |
| Companies | 1 | Carbfix (Ireland) |
| Business organisations | 0 | |
| Research and educational organisations | 0 | |
| Non-governmental organisations | 0 | |
| National states | 7 | Cameroon, France, Germany, Japan, Luxembourg, Mexico, United K. |
| Governmental actors | 0 | |
| Regional / state / county actors | 0 | |
| City / municipal actors | 0 | |
| Intergovernmental organisations | 15 | C40 (United K.), Cities Climate Finance Leadership Alliance (Switzerland), Climate Investment Funds (USA), Climate Policy Initiative (USA), Global Covenant Of Mayors For Climate And Energy (Belgium), Global Environment Facility (USA), Global Fund For Cities Development (France), Green Climate Fund (South Korea), ICLEI (Germany), OECD (France), R20 (Switzerland), Sustainable Infrastructure Foundation (Switzerland), The Global Innovation Lab for Climate Finance (USA), United Cities And Local Governments (Spain), United Nations Capital Development Fund (USA). |
| Financial Institutions | 6 | African Development Bank (Ivory Coast), Agence FrançAise De DéVeloppement (France), EBRD (United K.), EIB (Luxembourg), IDB (USA), World Bank (USA) |
| Faith based organisations | 0 | |
| Other members | 0 | |
| Supporting partners | 0 | |
| Number of members in the years | | |
| Have only national states as participators | No | |
Theme
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No |
Last update: 13 April 2022 09:05:46
Not only have national states as participators