What is the TAP?

The Transformative Actions Program (TAP) is a global initiative to support local and regional governments transform their low-emission and resilient development infrastructure concepts into mature, robust and bankable projects ready for financing and implementation.

 

The latest call for applications closed on 31 December 2020.

What the problem is

Funds for climate projects are available and investors are ready; however, there is a shortage of bankable projects.

A “bankable” project is not just “profitable”: it quantifies the projected positive outcomes, such as social or environmental benefits, and has clear mechanisms for implementation and evaluation.

How the tap is helping

The TAP increases the visibility of local governments’ climate infrastructure projects, connects them to potential investors and project preparation facilities, as well as supports their project preparation through custom-made feedback, tools and services.

Projects are submitted through annual calls and screened by financial and technical experts at ICLEI World Secretariat to make sure they have a high transformative potential.

Just 3 steps

Tap numbers

Number of projects submitted

300+

Value of the TAP pipeline (billion €)

2.6+

Projects in the TAP Pipeline

70

Specialized TAP partnerships

14

The tap work is

  • Developing publicly accessible guidelines, publications, and training materials related to project preparation
  • Lowering the barrier to effective and efficient cooperation between local and regional governments, and public and private financial institutions.
  • Building trust among local and regional governments, financial institutions, and investors to lower risk.
  • Contributing to the creation of new financing mechanisms and the improvement of existing instruments.
  • Strengthening the impact of local climate projects and better position local and regional governments to attract investment and funding.
  • Raising the visibility of transformative actions and innovative local financing mechanisms to encourage investment, funding, and replication.

Why the TAP?

Funds for climate projects are available and investors are ready; however, there is shortage of bankable projects.

A “bankable” project is not just “profitable”: it quantifies the projected positive outcomes, such as social or environmental benefits, and has clear mechanisms for implementation and evaluation.

The TAP therefore strives to help local governments’ projects improve their bankability by increasing their visibility to potential investors, connecting them to project preparation facilities, or helping them connect with specifics tools or services that can increase the maturity of their proposed concept.

The four TAP pillars

TAP pipeline

The TAP Project Pipeline serves as an incubator, collecting and screening applications based on their “transformative” potential. TAP projects bearing the TAP seal of approval can benefit from TAP Services, connect to project preparation facilities, and be displayed on the TAP and other platforms.

TAP Services

Local and regional governments have access to tailor-made services from ICLEI and TAP partners during the whole project cycle, from early stage project definition to long-term mentoring, with the aim of developing robust and bankable project concepts. TAP partners engage either financially or technically, supporting capacity building, developing feasibility studies, and guiding the finance and design of sustainable and resilient infrastructure.

TAP Platform

The online TAP Platform displays select applications in the pipeline in a centralized, uniform format that optimizes visibility to potential investors and funders.

It is a first stop for funders as well as local and regional governments seeking information on ambitious and transformative local infrastructure projects committed to low-to-no emission and climate-resilient development.

TAP advocacy

TAP is an advocacy tool that presents the demand and diversity of local infrastructure projects, promotes multi-level governance, and  calls for effective financing mechanisms to scale up climate action.

Through its four pillars, the TAP works to:

  • Provide evaluation, feedback, and quality assurance services for transformative action project proposals.
  • Lower the barrier to effective and efficient cooperation between local and regional governments, and public and private financial institutions.
  • Build trust among local and regional governments, financial institutions, and investors to lower risk.
  • Contribute to the creation of new financing mechanisms and the improvement of existing instruments.
  • Strengthen the impact of local climate projects and better position local and regional governments to attract investment and funding.
  • Raise the visibility of transformative actions and innovative local financing mechanisms to encourage investment, funding, and replication.
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