Many local and regional governments have ambitious climate action plans but are unable to access financing to implement them. Although significant efforts have been made in recent years, access to finance and local and regional governments capacity to design bankable projects remain key challenges.
The Transformative Actions Program (TAP) finance toolkit aims to empower local and regional governments to overcome these barriers by providing an overview of possible financing mechanisms, guidance and training materials. The toolkit provides:
- The decision-making tree guides local and regional governments through a series of questions that help them consider different financing tools
- A collection of essential terms and definitions used in international climate finance, financing mechanisms and finance in general
- The catalogue of opportunities features financial institutions and other actors that have programs and initiatives which sup-port local and governments in their project preparation and implementation
- An inventory of studies, reports, guidance and toolkits in-cludes links to various knowledge centers and learning platforms