Climate finance is crucial to the successful implementation of a project. Municipal fiscal mechanisms include property rates, sale of water, sale of wastewater and refuse collection services, surcharges, development contributions and sustainable procurement. A successful example of funding climate action through fiscal mechanisms by the Ekurhuleni Energy Fund is also provided. These mechanisms are designed for and are therefore most appropriate at the local government level, however there are some drawbacks associated with these, such as the economic impacts of raised surcharges.
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