CHAMP Toolkit, SURF Launch Aim to Steer Climate Finance to Cities
COP 31 Global Climate Action • United NationsNovember 12, 2026
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Global climate finance is still struggling to reach the cities and towns that build seawalls, retrofit buildings and run transit. At a COP 31 Global Climate Action session on Nov. 12, 2026, panelists introduced a multilevel finance toolkit and a new project-preparation initiative. Bankers and fund officials said the main obstacle is local technical capacity rather than a lack of money.
- CHAMP unveils a multilevel finance toolkit with five action areas and case studies from Sweden and Brazil
- SURF, launched at the Leaders' Summit, aims to link municipalities with multilateral development banks
- Few of about 40 national country platforms include a strong role for local governments, an adviser said
- Brazil's BRDE says 90% of its municipalities have fewer than 50,000 residents and lack technical capacity
- Green Climate Fund cites 45 locally led projects totaling $1.3 billion, and ADB outlines four lending routes
The basics: Country platforms are national frameworks that coordinate climate investment within a country. The session, listed as Solution Delivery AG 11, focused on strengthening multilevel financial architectures for subnational climate action. "Subnational" covers cities, regions and other levels of government below the national one.
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