Accelerating Climate Action Through Climate Finance in South Asia as Significant Milestone of the GCoM Asia Project in Partnership with NIUA

South Asian cities built, discussed, and exchanged knowledge on climate finance and funding mechanisms alongside technical partners from India, Asia, and the European Union.

Mumbai, India — On May 18-19, representatives from GCoM South Asia signatories in India, Bhutan, Sri Lanka, Nepal, and Bangladesh gathered to discuss, learn, and share knowledge on climate finance and funding mechanisms alongside EU delegations, the National Institute of Urban Affairs (NIUA) and technical partners as part of the GCoM South Asia Regional Workshop in Mumbai, India. This workshop represented an opportunity to increase climate finance knowledge and understanding, so that cities can access and effectively utilise funding mechanisms to accelerate their urban climate actions. Cities will also build greater partnerships and collaboration with organisations across the region in this workshop, which is a significant milestone of the GCoM Asia project with the Climate Centre for Cities, NIUA that was launched by the European Union in January 2021 to facilitate and support city climate action in Asia.

Training modules, presentations and field visits were organised to discuss various types of climate financing mechanisms—such as public, private, and international schemes—in consultation and conversation with EU and Asian partners. Technical partners from Europe and India presented key climate finance tools and skills for cities to access various funding opportunities. Group activities were also organised to foster deeper conversations between city representatives and technical partners in sharing climate finance best practices and providing guidance on accessing the right financing for urban climate mitigation and adaptation projects.

The workshop took place at Taj Mahal Tower in Mumbai, and culminated in a tour of urban climate related projects across Mumbai, led by the Climate Centre for Cities (C-Cube).



About GCoM Asia Project:

Launched by the European Union in January 2021, the GCoM Asia project provides resources, technical expertise, and support to cities across Asia in developing and implementing sustainable energy and climate action at the local urban level. The project covers work throughout Southeast Asia (Indonesia, Malaysia, Thailand, Vietnam), South Asia (India, Bhutan, Sri Lanka, Nepal, and Bangladesh), and East Asia (South Korea, Japan, and China). 

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