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Smart Cities Marketplace
13 June 2022

Smart Cities Marketplace Forum 2022 - PARALLEL SESSION 5 Investor Ready Cities: turning funding needs into attractive green investment opportunities for the private sector

SCM Forum 2022

With Global Fund for Cities (FMDV)

Speakers: 

  • Jean-François Habeau - Executive director · Global Fund for Cities Development (FMDV)
  • Julien Mialaret - Operating Partner · Eurazeo Smart City Fund
  • Jaffer Machano - Municipal Investment Finance · United Nations Capital Development Fund (UNCDF)
  • Kathleen Jovellanos - Capacity Development Specialist · Cities Development Initiative For Asia 

 

Moderation: Jorge Rodrigues de Almeida - Director · RdA Climate Solutions & Margot de Groot van Embden - Project Manager · Global Fund for Cities Development (FMDV)

 

At the beginning of the session, Margot de Groot asked a question about global financing figures. A suggested answer is that need is an opportunity, the need for a business case. Like this, we can navigate the field of city finance and ask ourselves what kind of mindset shift is needed for a city 

 

Kathleen Jovellanos - Capacity Development Specialist · Cities Development Initiative For Asia

The Cities Development Initiative for Asia is developing Bankable Projects and Sustainable Infrastructure Projects. They help developing sustainable urban infrastructure projects in Asian cities (CDIA - Cities Development Initiative for Asia). There are plenty of financing options, but there is still the need to develop a healthy pipeline of projects. 

 

Jaffer Machano - Municipal Investment Finance · United Nations Capital Development Fund 

We need to unblock public and private finance for the poor (mandate for the least developed countries). Machano supports local governments in getting access to funding. There are a lot of changes in the city scene, just to name a few the adaptation to climate change and the financing for homes in cities to develop PV and sell it back to the grid. Presentation of the IMIF-TAF

 

Jean-François Habeau - Executive director · Global Fund for Cities Development (FMDV)

FMDV is tailoring city financial solutions, from project preparation to scale-up models. It is a worldwide network of trusted partners that can create a sizable impact in the urban setting. The aim is to bridge the urban investment gap at subnational levels. 

The financing gap has to do with language - it is a way of approaching and looking at projects. 

 

Presentation from matchmakers Jorge Rodrigues de Almeida - Director · RdA Climate Solutions

We need to build a bridge to connect both sides, the investor and the city.

Tips and lessons learnt: 

How do investors see energy efficiency as unchartered territory? They are exploreing this territory. Renewable energy has a clear business case, and there is a need to understand the risk. There is the need to aggregate projects, the need to build capacity not only on the side of the city but also on the side of the finance industry. The Climate Neutral and Smart Cities Climate Package serves as a first step to satisfy these needs. In order to attract finance a clear business model is needed. We need to think about all the benefits (also health…) because investors want to see impact.

You can find the intake form of the Smart Cities Marketplace Matchmaking here.