The European Commission is setting up a new Climate City Capital Hub, an international finance resource to further support cities participating in the EU Mission on Climate-Neutral and Smart Cities.
Thanks to the new hub, cities that have already received the EU Cities Mission Label will be able to:
- Access financial advice in cooperation with advisory services of the European Investment Bank (EIB)
- Structure their financial needs so they understand various ways of funding projects, including pooling of projects
- Introduce projects to a range of capital providers, including lenders and investors from the public and private sectors (such as philanthropic and corporate capital, as well as innovative financing like crowdfunding and sustainability-linked bonds), and support the process to deal closure
https://ec.europa.eu/commission/presscorner/detail/en/IP_24_3482