On 9 June, the City Climate Finance Gap Fund (Gap Fund), implemented by the European Investment Bank (EIB), announced the second round of cities that will receive free technical assistance to prepare bankable urban climate projects. The cities are located in six countries around the world, and include Lviv in Ukraine.
The projects include greening urban spaces, energy efficiency, renewable energy, sustainable mobility, and waste and water management. In Lviv, the Gap Fund will support the city’s street design to make it more favourable for pedestrians and cyclists.
The City Climate Finance Gap Fund, a new partnership supporting green, inclusive, resilient, creative and competitive cities in developing countries, is implemented by the World Bank and the European Investment Bank (EIB), in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). Through donor-supported technical assistance, with a target of at least €100 million in funding, the Gap Fund aims to unlock an estimated €4 billion to help cities transform climate ambition into finance-ready projects.
Find out more
Interested in the latest news and opportunities?
This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a B&S Europe-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.