81221812 — Financing Energy for Low-carbon Investment — Cities Advisory Facility (Felicity) — Technical Assistance for Project Promoters

Cities produce more than 75% of the global greenhouse gas emissions and are thus critical for the achievement of the goals set in the Paris Agreement on climate change and the Sustainable Development Goals. Urbanization and the unprecedented growth of urban areas, especially in emerging economies and developing countries, requires increased investments in low-carbon and climate resilient infrastructure. Yet, cities face significant barriers to prepare bankable projects, secure finance and implement such projects. Felicity, Financing Energy for Low-Carbon Investment — Cities Advisory Facility, a joint Initiative by GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH) and the European Investment Bank (EIB), addresses these challenges by aiming at closing the gap between urban development planning and infrastructure project financing.