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Status
Viability Fund for Cities is in beta mode
Good to know
(Organization)
Currently incubated
Viability Fund for Cities is incubated by the Swedish Innovation Program Viable Cities, hosted by KTH Royal Institute of Technology.
Viability Fund for Cities is developed in line with Sweden’s engagement in the Coalition for High Ambition Multilevel Partnerships (CHAMP) for Climate Action.
Must know
(In a nutshell)
What the fund does
The Viability Fund for Cities is a new catalytic financing mechanism spearheaded by Viable Cities, to scale transformative climate action in cities worldwide. The fund blends public funding, private capital and donor contributions, to de-risk investments through pilots and system demonstrators, enabling large-scale groundbreaking climate action in cities all over the world.
Why
(Rationale)
Cities need money
According to the Cities Climate Finance Leadership Alliance, cities need more than USD 4 trillion annually through 2030 for climate mitigation alone. Urban financing gaps also extend to resilience, affordable housing and many other important issues. At the same time, hundreds of organizations and initiatives run finance programs that could be directed towards cities.
From 2026 onwards
(Ambitions)
Aiming for scale
Once fully up and running, the Viability Fund for Cities will work with system demonstrators as a mechanism of de-risking investments and procurement in cities, and to provide the finance to accelerate the full scaling of climate action in cities.
The Viability Fund for Cities is part of a Global Initiative for Climate-Neutral Cities, co-organized by Viable Cities, Dark Matter Labs and UN-Habitat. Other development partners include The Cities Climate Finance Leadership Alliance, First Movers Coalition, the Global Environment Facility, C40 Cities, the World Resources Institute, Global Covenant of Mayors for Climate & Energy, the Green Transition Initiative, Climate City Capital Hub (part of the NetZeroCities platform) and the Carbon Neutral Cities Alliance.
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