| Project Detail |
Location:
Regional
Project number:
55846
Business sector:
Municipal and environmental infrastructure
Notice type:
State
Approval date:
06 Nov 2024
Status:
Passed Final Review, Pending Approval
English-language PSD published:
16 Oct 2024
Provision of up to EUR 350 million for Window I under the third Green Cities Framework (GrCF3 W1), to support investments related to Green Cities where sub-Projects are co-financed by the Green Climate Fund (GCF).
Project Objectives
The overarching aim of the third Green Cities Framework (GrCF3, or Framework) is to continue to serve as a sector-wide catalyst for addressing climate and environmental challenges at the city level. This will be achieved through the preparation and subsequent implementation of Green City Action Plans (GCAP). GCAP methodology takes a systematic approach to identifying, benchmarking, prioritising and guiding green city actions by cities while maintaining a strong connection to other key national or local strategic documents.
The process involves four steps:
Green city baseline and priority setting: measuring the current status of climate and environmental challenges in the city based on a comprehensive indicator database and identifying the priority climate and environmental challenges that need to be addressed.
Development of the GCAP document: preparing a document that articulates the citys vision, strategic objectives and priority investments and policy measures to address priority climate and environmental challenges and meet the objectives.
Implementation: execution of the GCAP.
Monitoring and evaluation: monitoring the GCAP results and updating the GCAP as necessary.
Beyond GCAPs, each sub-Projects will address company financial and operational performance, together with implementation capacity, where required, and support their access to capital markets, contribute to increasing gender and economic inclusion and integration of digital/smart solutions (where applicable). |
