Gap Fund launched to support development of climate resilient cities

GLOBAL– The Governments of Germany and Luxembourg in collaboration with the World Bank, European Investment Bank and Global Covenant of Mayors have launched the City Climate Finance Gap Fund (“The Gap Fund”) to support development of climate resilient cities in emerging economies. According to a statement from the European Investment Bank. the launch of the Gap Fund paves the way for low-carbon, resilient and livable cities in developing and emerging economies by unlocking infrastructure investment at scale.   Cities are on the frontlines of the climate emergency and currently account for…

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