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    Climate change and the unprecedented growth of cities, especially in emerging economies and developing countries, require increased investments in sustainable infrastructure projects that reduce greenhouse gas (GHG) emissions.

    Yet, cities face significant barriers to prepare bankable projects, secure finance and implement such projects.

    To address these challenges the Financing Energy for Low-carbon Investment - Cities Advisory Facility (FELICITY) provides advisory services and capacity building tailored to the needs of municipalities and financial intermediaries in Brazil, Mexico, Ecuador and Indonesia.

    We are also preparing the extension of FELICITY's support to cities in Georgia, Kazakhstan, Ukraine and Uzbekistan.

    Find out more about FELICITY in our project leaflet and watch how FELICITY accelerates investments for low-carbon cities.

    What types of support do we offer
    • Guidance on the technical, financial and economic feasibility of investments planned in cities, procurement procedures as well as advice on a project’s social and environmental soundness to potentially meet the EIB’s requirements for financing.
    • Capacity development for municipalities to develop bankable projects and access international finance, especially for the purpose of addressing climate change.
    • Facilitate knowledge exchange across countries and regions on the preparation of low-carbon infrastructure projects and conducive regulatory environments.
    What is eligible

    FELICITY supports the preparation of infrastructure projects in cities resulting in GHG reduction. The following urban sub-sectors are eligible under FELICITY:

    • residential and public buildings
    • district heating and cooling networks
    • public lighting systems
    • public transport and infrastructure
    • water systems and waste water treatment

    The projects requesting support should be in line with urban development plans and not yet considered ready for financing.

    Our work in a nutshell:

    Our partnerships

    The regional development bank BRDE for Southern Brazil signed a climate action framework loan with EIB to on-lend financing with FELICITY’s support.

    FELICITY is active in the Cities Climate Finance Leadership Alliance (CCFLA), a knowledge platform on subnational climate finance at the global level.

    Related publications

    About FELICITY

    FELICITY  is a joint initiative of the European Investment Bank (EIB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). It is funded by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU).