Unlocking Climate Finance: Clima-Med’s Innovative Guidebook for Municipalities

August 16, 2024
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Acknowledging the challenges municipalities face in securing funding for their projects, the Clima-Med project has developed the “Climate Finance Guidebook” as a key deliverable. This comprehensive manual aims to guide municipalities in finding appropriate funding schemes for their Sustainable Energy Access and Climate Action Plan (SEACAP) projects.

 

The Guidebook has been methodically crafted, taking into account existing national policies and regulations that shape climate finance in each beneficiary country. With this resource now publicly available, municipalities can access tailored recommendations for funding various actions based on real-world examples of projects of different types and scales implemented across the region and globally.

 

The Climate Finance Guidebook targets Clima-Med countries in the southern Mediterranean region, tailoring its approach to their specific needs and realities. It serves as a complementary tool to support the funding of projects and actions included in the Sustainable Energy Access and Climate Action Plans (SEACAPs).

 

Recognising that climate finance requires a multi-level governance perspective, the Guidebook offers recommendations at national and local levels, as well as for International Financial Institutions and donors, inviting those stakeholders to adapt their strategies to better align climate finance with on-the-ground needs. These recommendations are designed to guide towards adopting optimal funding schemes for specific sectors of climate actions.