The C40 Cities Finance Facility (CFF) works with cities to develop infrastructure projects that have a tangible impact on the lives of their residents. By providing cities with the support and expertise they need and linking these projects to finance, CFF turns ideas into infrastructure that makes a real difference to people’s lives.
This work is extremely urgent. 2024 was the hottest year on record, with rising temperatures and more extreme weather events leading to destruction and displacement across the world. Cities across the Global South are already facing the impacts of climate breakdown, yet they often lack the resources to respond. CFF exists to bridge that gap and ensure that ambitious cities can access the expertise and financing they need to address climate change now.
This short report details activities carried out by CFF between March 2021 and November 2024 (“Phase 3”, following two previous phases between January 2016 – March 2018 and April 2018 - February 2021). In this period, CFF supported 18 projects in 16 cities, with funding from the German Federal Ministry for Economic Cooperation and Development (BMZ)1, the UK Foreign, Commonwealth & Development Office (FCDO)2, the Agence Française de Développement (AFD) and the United States Agency for International Development (USAID). Jointly implemented by C40 Cities Climate Leadership Group (C40) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, CFF combines global climate leadership with sustainable development expertise. This report also includes updates from projects and cities previously supported by CFF, showing how these have continued to develop after CFF support ended. Cities continue to be at the forefront of the global movement to confront the climate crisis. CFF is committed to strengthening that leadership even further by supporting them to develop infrastructure projects with real impact.