C40 is a network of the world’s megacities committed to addressing climate change. Therefore C40 supports cities to collaborate effectively, share knowledge and drive meaningful, measurable and sustainable action on climate change. In 2015, the C40 Cities Finance Facility was jointly presented by the German Federal Ministry for Development and Cooperation (BMZ), the C40 Cities Climate Leadership Group (C40) and the Inter-American Development Bank (IDB). The aim of the CFF is to support C40 cities in developing and emerging countries by the design and the implementation of pilot projects that help to tackle climate change issues.
The cities of Bogota (Colombia) and Mexico City (Mexico) are supported by the CFF as part of a pilot phase. GOPA Infra acted as the consultant for the technical assistance to enable sustainable financing of urban climate change investments of the two pilot projects. In Mexico City for example, the CFF fostered the implementation of a 22km long bus lane which included 80 new electric busses to cover the average of 430.000 passengers per day.