Substantial investments will be required in Asian cities as the region is experiencing significant population and urbanisation increase while being amongst the areas most vulnerable to climate change risks. However, only 15% of global climate finance reaches cities. This is due to their low credit worthiness, limited number of bankable projects, difficulty in accessing existing financing and limited administrative capacity. Therefore, there is a significant need for innovative financing solutions, tailored to the needs and governance of cities, that can help realize efficient response to the urban challenges at hand. This session will discuss a range of promising solutions to catalyse finance for the cities’ climate actions, their lessons learned and opportunities to scale up their application across the Asia-Pacific region. These solutions include platforms and support programmes that connect cities and finance experts to help develop bankable projects (City Finance Lab, Matchmaker, CapaCITIES), carbon market mechanisms (Thailand Greenhouse Gas Management Organization (Public Organization)) and emerging financing mechanisms such as climate auctions (The World Bank Group).