Leadership for Urban Climate Investment (LUCI)

General

Name of initiative Leadership for Urban Climate Investment (LUCI)
LPAA initiative No
NAZCA Initiative Yes
Website address
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
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 0  
Companies 0
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
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: 19 October 2021 08:59:09

Not only have national states as participators