Journal Seventeen Nr. 5

The Intergovernmental Group of Experts on Climate Change (IPCC) has shown that efforts towards mitigation are insufficient to stop this phenomenon. This occurs because experts have shown that many of its effects are already irreversible for many populations, so adaptation has become an essential action in strategies designed to face climate change. 

Public Administrations are increasingly called upon to become protagonists of the transition to sustainable development. In this perspective, it is necessary to think of financial models capable of catalyzing public and private resources, intentionally orienting them towards the implementation of policies and projects functional to the transition. 

Civic crowdfunding can be considered as a sustainable finance modality that takes into consideration not only the economic evaluation of projects, but also their social and environmental impacts. This article aims to analyze civic crowdfunding and matchfunding as tools to achieve the Sustainable Development Goals (SDGs) from the local and regional levels. 

We can say that Spain’s contribution to the development of sustainable finance has been very prominent. The strong growth of this market has been unleashed in the second part of the last decade and Spain is consolidated among the ten largest countries that borrow money for projects with positive credentials for the environment or for social purposes for disadvantaged groups.