The City of Munich is in the process of developing a Local Finance Facility – a pioneering initiative designed to streamline project financing by connecting financial institutions and the local capital market with project developers. The Munich Finance Facility aims to create a streamlined pipeline of climate action projects for the city to meet its climate neutrality target. It helps project developers to access financing and offers investors sustainable impact investment opportunities at scale. By fostering collaboration between financiers, developers, and philanthropic entities, Munich's Local Finance Facility will serve as a model for other cities looking to enhance their climate action efforts through effective financial mechanisms. Marking the conclusion of the pre-feasibility phase (Phase I) and the start of the feasibility phase (Phase II) of designing the Munich Finance Facility, the Financing Climate Action Conference is held one day prior to this session. The session introduces the Munich Finance Facility concept and next steps, and provides a recap on the outcomes of the conference to the IFAT audience. 

Session Elements: 

Financing the Urban Transition to NetZero: Recap of the Financing Climate Action Conference – Challenges, Opportunities and Solutions

Munich Finance Facility: Co-Creating a streamlined and agentic solution to local transformation finance – Milestone Results and Next Steps