In CMF 2.0, the University of Kassel, the Modena Energy Agency (AESS), ASTER together with the Cities of Bologna and Frankfurt on Main aim to develop a fund structure that allows funding of incomegenerating and of non-income-generating projects, to substantially boost carbon mitigation and climate adaptation action. By tailoring the fund concepts to the local ecosystem, the project sets out for a powerful financial instrument with high and sustaining adoption within the local governance system.