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Local Governments' Climate Finance Instruments

What finance instruments and sources are available to cities as they confront and mitigate the impacts of climate change?

At a glance

Over half of the world's population now lives in cities, a figure expected to rise to nearly 70% by 2050, posing significant challenges for housing, infrastructure, and climate resilience.

The World Bank is addressing these issues by investing $5 billion annually in sustainable urban development, focusing on enhancing planning, strengthening financial systems, promoting territorial development, building climate resilience, and investing in inclusivity.

Overview

Data

Projects

The Resilient Kerala Program

Kerala, India, is vulnerable to natural disasters and the effects of a changing climate, given its location along the coast and steep gradient along the slopes of the Western Ghats. The Resilient Kerala program is designed to support the state's resources for handling the impacts of climate change and natural hazards.

Details

Focus Areas

Cities and Climate Change

We are accelerating climate funding to cities to help them decarbonize and build climate resilience.
Sustainable Cities

Through knowledge, investment and partnerships, we help to build more sustainable cities and communities.
Inclusive Cities

We work worldwide to build more inclusive cities and communities for everyone.

Recent Research

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Blogs

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Experts

Ming Zhang

Global Director, Urban, Resilience and Land Global Department

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Programs & Partnerships

Sustainable Urban and Regional Development Program (SURGE)

SURGE is a World Bank global umbrella program that supports developing countries to foster green, resilient and inclusive urban and regional development.
Tokyo Development Learning Center (TDLC)

TDLC is a partnership between the World Bank and the Government of Japan that maximizes the impact of urban development projects by leveraging Japanese and global knowledge, insights, and technical expertise.
City Climate Finance Gap Fund

The Gap Fund, operationalized by the World Bank and European Investment Bank, helps cities in developing and emerging countries to turn low-carbon, climate-resilient ideas into strategies and finance-ready projects.
Global Platform for Sustainable Cities

Led by the World Bank, the Global Platform for Sustainable Cities is a forum for knowledge sharing and partnership to achieve urban sustainability.
Global Smart City Partnership Program (GSCP)

GSCP supports World Bank teams and cities to integrate data and technology into urban infrastructure and service delivery and provide solutions to achieve a citizen-centric approach.
City Creditworthiness Initiative

The World Bank's City Creditworthiness Initiative supports local government leaders in building access to long-term financing for investment.
City Planning Labs

City Planning Labs is a World Bank technical assistance program which aims to enhance the capacity of municipal governments to produce, share, and utilize geospatial data for evidence-led urban planning.