Overview
CLIMATEFIT (Resilient CLIMATE Financing and Investment Taskforces) is a project funded under the EU’s Horizon Europe programme. It focuses on bridging the resilience financing gap by providing critical insights and building the capacities of public authorities and financial entities to identify, select, and attract relevant financing streams for climate adaptation.
Mission and focus areas
CLIMATEFIT aims at supporting innovative financing mechanisms for adaptation to climate change by providing key insight into financing sources and strategies. Its primary focus areas include scaling up investments for climate resilience, aligning portfolios with the EU Taxonomy and other regulatory standards, and improving the bankability of climate adaptation projects through the development of incentive mechanisms and investment strategies.
Structure and governance
CLIMATEFIT is a consortium consisting of 32 members, including financial and investment entities, public authorities, and local resilience experts. The project is coordinated by the World Climate Foundation (Denmark) and is funded through the European Union’s Horizon Europe program (Project ID: 101112705).
Programs and offerings
The project offers a variety of tools and resources including an e-learning platform dedicated to climate adaptation finance, an Incentive Mechanism Database and Selection Tool, and the CLIMATEFIT Adaptation Finance Desk. It produces specific deliverables such as 20 innovative investment strategies, 10 concrete and scalable investment plans, and 4 bankable transformational investment cases to support public authorities and investors.
