CDKN – Exploring innovative ways of financing for climate compatible development in Asian cities

Research partners Germanwatch, the Vasudha Foundation, the Institute for Essential Service Reform, the Institute for Climate and Sustainable Cities and Eberswalde University for Sustainable Development assessed the climate finance needs and gaps for climate compatible development in second-tier cities across three countries; India, Indonesia and The Philippines. 

The team explored how current opportunities can be harnessed to meet the climate finance needs. 

Based on this assessment, the project developed recommendations for how funding from the Global Climate Fund (GCF) and other sources can be more accessible to cities, for example through the creation of Urban Implementing Entities.  Or how funding can be used in order to incentivise the deployment of national or sub-national resources such as revenues from fees, local taxes or municipal bonds for urban climate compatible development projects.