Intern in the Cities Finance Facility

Cities face significant challenges from climate change, including rising sea levels, droughts, floods, and storms. However, cities also contribute 75% of global greenhouse gas emissions, so both increasing resilience and reducing emissions in cities are crucial in tackling the climate crisis. Access to finance is a major obstacle for city administrations in developing innovative climate change infrastructure projects. Financial institutions require robust preparation and solid business cases before investing, often causing projects to fail due to lack of funding. To address this issue, the C40 Cities Finance Facility (CFF) as part of the joint programme platform Climate-resilient Infrastructure Investments in Cities (CIVIC) acts as a link between cities and finance, supporting a green and just transition. The CFF, an award-winning project preparation facility under the United Nations Framework Convention on Climate Change, focuses on three components: preparing climate-relevant infrastructure projects for finance, linking projects to finance, and replicating successful approaches. It is jointly implemented by the C40 Cities Network and GIZ.