Global Subnational Climate Fund (SnCF Global) – Technical Assistance (TA) Facility

The goal of the Sub-national Climate Fund Global (SnCF Global or the “Fund”) is to catalyze long-term climate investment at the sub-national level for mitigation and adaptation solutions through a transformative financing model. The SnCF Global’s business model is designed to attract primarily private institutional investment and to deliver certified climate and Sustainable Development impacts and Nature-based Solutions at global scale (SDGs, NbS). The subnational level is key: 70% of known climate solutions are located within the boundaries of subnational authorities. Significant additional investment is needed in this sector to achieve the climate goals of the Paris Agreement. The SnCF Global presents a positive disruptive solution on how subnational climate projects should be structured, de-risked, and funded by both private and public investors, while monitored and benchmarked at the highest level of rigor and quality.

Integrate climate mitigation solutions into infrastructure projects at the subnational level and where possible with adaptation co-benefits.

Globally
1. Investment: $750 million in blended public/private capital is invested in approx. 35 subnational projects in 20-25 countries.
TA1: Project feasibility work has been conducted and project development supported.
2. Capacity: $28 million is invested in Technical Assistance to support 35-50 high-integrity, bankable projects, integrating NbS, where feasible. Note that this aspect of the SnCF will be undertaken as part of the separate TA funding proposal.
TA2: Stakeholders are informed and trained to implement and incentivize ES sound green infrastructure, incorporating Nature-based Solutions.
3. Impact: Certified mitigation impacts of 76 MT CO2e and adaptation/resilience through SDGs 3, 5, 6, 7, 8, 11, 13, 14, 15:
TA3: Climate, SDG and Nature-based Solutions impact metrics, tools and indicators are developed and applied.
4. Scale: Measurable contribution towards host country NDCs and SDGs and 3-5 regional capacity hubs are established to sustain capacity transfer tailored to local regions

Every SnCF project must implement, at minimum, a gender sensitivity framework (SDG 5) and rigorous safeguards into project design leading to climate impacts (SDG13), and at least two additional resilience / adaptation measures (SDGs 1,2,3,6,7,8,11,12), including those related to ecosystems and natural solutions (SDGs 14,15).
The main objective of the SnCF Gender Policy is to strengthen the project’s responsiveness to the multiple, culturally-derived principles of gender equality and women’s empowerment and to address and account for the links between gender equality, natural resources management and environmental sustainability. Global literature makes clear that women’s participation in design, distribution, management and production of environmental solutions and in access to and management of financial resources is (a) underrepresented and (b) recognised as indispensable to realising the climate change targets as well as sustainable development goals (SDGs).

Component 2 – Capacity Building: In 2023, the SCF hosted 2 regional Capacity building workshops. The 2nd regional capacity building workshop targeting 18 African GCF countries was held in Saly, Senegal in March 2023, and the 3rd regional Capacity Building workshop targeting SCF Asia-Pacic countries (Cambodia, Indonesia, Fiji) was presented in November 2023 in Bangkok, Thailand, under the title - "South-East Asia Capacity Building workshop”.

42 countries, total project amount USD 28,000,000. Catalytic Finance Foundation (R20 Regions of Climate Action (R20)) Outputs under Component 1; IUCN Outputs under Component 2 ; Gold Standard Foundation (GS) Outputs under Component 3. Related to FP152 (GCF).

Yes

Ensure that its work provides input into the UNFCCC’s work in this area, none the least related to countries technology needs assessments (TNA)23. Many of the technologies needed to address climate change include renewable energies such as wind energy and solar power, projects to be invested in via the SnCF Global. The project will also address
topics such as drought-resistant crops (via its restorative agriculture/aquaculture area), early warning systems and coastal resilience technologies (from seawalls to mangrove replanting). Overlaps between capacity building and technology development/transfer exist when as energy-efficient practices and training for using equipment is conducted.

Yes

Relevant stakeholders have the information and guidance needed to support the development of sound policy and incentives schemes that enable and fast-track green infrastructure projects on a subnational level, as well as to foster up-scaling and replication of investment deals.