What is the TAP?
The Transformative Actions Program (TAP) is a global initiative that brings together financial institutions, project preparation facilities, and the private sector to assist subnational governments and local businesses in turning their sustainable infrastructure ideas into solid and investment-ready projects.
TAP is also an acknowledged initiative of the Leadership for Urban Climate Investment (LUCI) and through ICLEI being a founding member of the Cities Climate Finance Leadership Alliance (CCFLA) it contributes to close the finance gap and scale up subnational climate finance.
What the problem is
Funds are available for sustainable development projects, and investors are eager to contribute. However, there’s a shortage of investment-ready sustainable projects.
An investment-ready sustainable project goes beyond profitability; it outlines expected positive outcomes, like social or environmental benefits, and has clear plans for implementation and evaluation.
How TAP is helping
Projects are mobilized through annual calls and screened by experts in sustainable finance.
Those with great potential for impact can receive personalized feedback and, once considered investment-ready, are connected to project preparation facilities and financial partners that will support their implementation.
Just 3 steps
TAP numbers
Number of projects submitted
410+
Value of the TAP pipeline (billion €)
1.3
Projects in the TAP Pipeline
71
Specialized TAP partnerships
16
(as of January 2024)
The work of TAP is
- Developing publicly accessible guidelines and training materials related to project preparation.
- Lowering the barrier to effective and efficient cooperation between subnational governments and financial institutions.
- Building trust among subnational governments, financial institutions, and investors to lower risk.
- Contributing to create new financing mechanisms and improve existing ones.
- Strengthening the impact of local climate projects and better position subnational governments to attract investments.
- Raising the visibility of impactful projects and innovative local financing mechanisms to encourage funding and replication.
What they say about us
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We learned a lot about challenges on the ground and discussed ways to improve the overall planning process. A key factor is early-stage community engagement and the usage and implementation of social and environmental safeguards.
Urban Environment Specialist, Cities Alliance
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Project Developer and Director of the Mayor’s International Relations Office, Bukavu, D. R. Congo
As a project developer and manager in the city of Bukavu (DR.Congo), one thing I could not realize is that I was having limited knowledge about the needs and requirements of funders.
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Makindye Ssabagabo was elevated to a municipality in 2016, raising the community's expectations who anticipated immediate quality services. We identified the critical projects but were resource-constrained. Through TAP, we have fine-tuned key project concepts and interacted with potential funders.
Head of Innovation and Resource Mobilisation committee, Makindye Ssabagabo Municipal Council, Uganda
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The prospects of Makindye Municipality in Uganda to access climate funding for its Rail project were boosted after the project was showcased at the Daring Cities Event 2020.
Head of Innovation and Resource Mobilisation committee, Makindye Ssabagabo Municipal Council, Uganda
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The exposure and feedback we received from the financial experts were very constructive in helping us to develop our project proposal even further.
Environmental Management Officer, Overberg District Municipality, South Africa
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Listening to the pitches [of local governments’ climate projects] has been very insightful for us, as we focus on early-stage project preparation. On the one hand, we got insights into a number of projects presented by very different actors with their own points of view on project preparation. On the other hand, we got a better understanding of the difficulties these diverse actors encounter, which we can take into account when developing trainings or providing support to municipalities.
Senior Policy Advisor, Covenant of Mayors in Sub-Saharan Africa
