June 13, 2017, 7 p.m.
Climate-KIC is one of three Knowledge and Innovation Communities (KICs) created in 2010 by the European Institute of Innovation and Technology (EIT). The EIT is an EU body whose mission is to create sustainable growth. We support this mission by addressing climate change mitigation and adaptation.
We integrate education, entrepreneurship and innovation resulting in connected, creative transformation of knowledge and ideas into economically viable products or services that help to mitigate climate change.
Our activities are driven by four climate change themes:
Vision, mission and core values
The Low Carbon City Lab (LoCaL) is a Climate-KIC initiative focusing on unlocking climate finance for cities. Acknowledging the struggles cities face to access finance for their mitigation actions, LoCaL brings together leading organisations worldwide to develop innovative financial mechanisms, organise matchmaking between investors and cities and develop accurate climate performance monitoring tools to enable result-based finance.
Together with South Pole Group, ICLEI, CDP, WWF, the Gold Standard Foundation, Suez Environnement and other partners, LoCaL aims to to enable 25 Billion USD of climate finance annually and generate 1 GtCO2 of emission reductions on a yearly basis by 2050.