18.02.2025

Urgent Call from World’s Cities for $86 Billion of Investment in Next Generation of Climate Infrastructure Projects

2,508 climate-related projects reported in 611 cities across 75 countries in 2024 Total reported investment needs for projects surged by 23% in 2024, reaching US$86 billion Nearly half (48%) of projects remain in early development stages, requiring technical and financial support Top global sectors of projects seeking financing are buildings & energy efficiency, transport and … read more

17.02.2025

Open letter to African Ministers of Finance by mayors and governors of African cities

Mayors and governors have signed the following open letter directed at African Ministers of Finance during the Green & Resilient UrbanShift Africa Forum in Nairobi, Kenya: Dear Honourable Ministers, As mayors and governors of cities across Africa, we are issuing a collective call for urgent and collaborative action to unlock the finance we need to … read more

13.02.2025

Towards COP30: Cities to Play an Even More Central Role in Global Climate Action

Panel on the Coalition for High Ambition Multilevel Partnerships for Climate Action (CHAMP) was a highlight at the Federal Government’s Meeting of New Mayors The Meeting of New Mayors, on Wednesday February 12th in Brasília, highlighted the central role of cities in Brazil’s climate strategy and the essential part they can play in the global … read more

17.12.2024

GCoM-Gap Fund LAC Team Champions Climate Finance Solutions at the U20 Summit

The U20 Summit, held in Rio de Janeiro from November 14 to 17, 2024, concluded with a broad call by mayors and city leaders, including representatives from C40 Cities and the Global Covenant of Mayors for Climate & Energy (GCoM). Their message to national governments and development banks was clear: increase urban climate finance by … read more

12.12.2024

Uniting for Impact: Driving City Climate Action Toward a Greener Future – GCoM Secretariat Newsletter, December 2024

It’s with great pleasure that we present the latest edition of the Global Covenant of Mayors for Climate & Energy newsletter, a platform for updates and insights at the forefront of climate change and action. Within these pages, curated contributions from the GCoM Secretariat, GCoM’s dynamic National/Regional Covenants and valued alliance partners, we offer an … read more

09.12.2024

Empowering African Financial Intermediaries for Climate Action: Insights from RIAFCO Annual Meetings 2024 in Madagascar

From November 25 to 29, 2024, the GCoM-Gap Fund Partnership team joined the CEOs of financial intermediaries from eight African countries, including Côte d’Ivoire, Cameroon, the DRC, Guinea, Madagascar, Mali, Senegal and Togo for the 2024 edition of the Annual Meeting of the African Network of Local Government Financing Institutions (RIAFCO) in Madagascar. Organized by … read more

09.12.2024

From Tackling the Energy Crisis to Implementing the European Green Deal: Seizing the Power of Multilevel Governance through Building Retrofits

Delivering the European Green Deal and the 2030 climate and energy targets is not a matter of compliance with a specific piece of legislation but an opportunity to ensure that Europe addresses many challenges at the same time, showcasing leadership towards greater climate ambition that leaves no one behind. This is especially important, taking into … read more

04.12.2024

GCoM & Gap Fund Partner with UNDP to Support Local Governments in Moldova in Accessing Climate Finance

On 28th and 29th November 2024, representatives from 17 Local Public Authorities (LPAs) in Moldova came together in Chișinău for a two-day workshop on mobilizing financial resources for climate adaptation and disaster risk reduction. Organized by the United Nations Development Programme (UNDP), in partnership with the City Climate Finance Gap Fund (Gap Fund) and the … read more

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