Periodic Reporting for period 1 - SGA2-NZC (SPECIFIC GRANT AGREEMENT N°2 TO SCALE THE CITIES MISSION PLATFORM)
Reporting period: 2024-01-01 to 2025-06-30
As most Mission Cities received Mission Labels during the first period of the project for completing their Climate City Contracts, the consortium has been able to gradually shift the focus of support on implementation and enabling cities to obtain the capital necessary for delivering their planned actions. The Climate City Capital Hub was strengthened with additional resources across four key streams: City Finance Specialists (as key contacts for cities), Project Preparation (on technical assistance), Better Funding Dialogues (to address public funding challenges), and the Neutral Capital Centre (on financial assistance and investor engagement).
Operationally, the project has been well integrated into the suite of activities and governance structure of NetZeroCities, currently managing the Cities Mission platform. A key highlight has been the 2025 Cities Mission Conference in Vilnius, which served as a high-level platform for Mission Cities, NetZeroCities partners, EU institutions, and national and regional stakeholders to exchange knowledge and align strategies. As the biggest annual event to date, it showcased progress on Climate City Contracts, celebrated achievements, and helped define priorities for the next phase of the Mission’s implementation.
Through the work with Mission Cities on finance and investment, the project aims to provide the necessary support to bridge the climate financing gap in Mission Cities and enable their Climate City Contracts to become reality. While all cities and their climate projects are at different levels of development and maturity, continued engagement with cities to advance projects on one end and with investors to raise awareness of municipal projects on the other is necessary. Further work to create sector-based models for a head start to similar city projects, will also accelerate the targeted results. Finally, country-specific dialogues that are planned, may provide the key to further mobilising public finance in combination with private finance.