Resilient CLIMATE Financing and Investment Taskforces

Informazioni relative al progetto

CLIMATEFIT

ID dell’accordo di sovvenzione: 101112705

DOI

10.3030/101112705

Data della firma CE 22 Maggio 2023

Data di avvio 1 Settembre 2023

Data di completamento 31 Dicembre 2026

Finanziato da

• Climate, Energy and Mobility

Costo totale

€ 5 760 510,01

Contributo UE

€ 5 760 510,00

Coordinato da

FONDEN WORLD CLIMATE FOUNDATION
Denmark

Periodic Reporting for period 2 - CLIMATEFIT (Resilient CLIMATE Financing and Investment Taskforces)

Periodo di rendicontazione: 2024-09-01 al 2026-02-28

Sintesi del contesto e degli obiettivi generali del progetto

CLIMATEFIT addresses the urgent need for accelerated climate adaptation by tackling the critical adaptation finance gap in Europe. Despite growing policy ambition, a significant mismatch remains between adaptation finance needs and actual investment flows. Public funding alone cannot meet the challenge, so private sector financing ought to be mobilized.

The project aims to equip public authorities and financing and investment entities with the tools, knowledge and collaborative frameworks to blend public and private resources to finance climate adaptation.

Focusing on 17 European territories, CLIMATEFIT explores solutions by first identifying financing barriers and enablers. Building on this evidence base, the project develops and tests a coherent methodological framework that helps stakeholders design investment strategies, develop investment plans, and pilot bankable investment cases.

A key innovation is the creation of Local Resilience Taskforces composed of public and private stakeholders collaborating to advance adaptation finance. These taskforces take a systemic, participatory and place-based approach, accelerating finance flows towards the implementation of adaptation projects.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

The project has, as of February 2026, reached three main achievements: (i) released a report on the Adaptation Finance Landscape in Europe, summarising main barriers and levers to boost private finance, among others, (ii) produced two tools, including Investment Strategy and Investment Plan methodologies and guidance, for supporting local and regional authorities in adaptation investment planning, (iii) created a handbook with tools and guidance for the development of bankable adaptation projects promoted by public authorities.

Additionally, the project has also delivered numerous capacity building sessions tailored to local and regional authorities, enabling them to make the best of use of tools for adaptation investment planning and bankable project development. Complementing that two e-learning courses were launched, one for public authorities and another for financial and investment entities. Investors and financiers have also benefited from various capacity building webinars addressing key issues on private finance of climate adaptation.

CLIMATEFIT is also pioneering the establishment of Local Resilience Taskforces, facilitated collaborative spaces where local and regional authorities and financial institutions come together to overcome known barriers, such as governance, data availability, project scoping. The first learnt lessons from such endeavour have been drawn and shared through CLIMATEFIT's replicator programme and its EU Network of Local Resilience Taskforces.

All these approaches and tools have been co-designed and tested by leading local and regional authorities in seven European countries, namely, Portugal, France, Belgium, Czech Republic, Italy, Slovenia and Romania, resulting in 17 adaptation investment strategies and 10 adaptation investment plans.

Throughout 2026, public authorities further test the handbook for the development of adaptation investment concepts, with the expectation that 5 adaptation investment cases will be published by the end of the project.

All produced resources are found in CLIAMTEFIT's website and will soon be available in the ground-breaking Adaptation Finance Platform launched late 2026.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

Furthermore, a brand-new Incentive Mechanism database and selection tool have been produced. This tool allows local and regional authorities to identify and explore numerous policy and financial mechanisms that incentivise private finance, considering the adaptation projects they promote and the bankability criteria typically considered by financial institutions.

Another result beyond the stated of the art is the development of a resilience-adjusted credit scoring methodology, addressing gaps in integrating climate risks into credit assessment and investment decision-making, particularly by banks. This first version of this methodology is being tested in 2026 and its full release is expected by the autumn of the same year.