FP151
Global Subnational Climate Fund (SnCF Global) – Technical Assistance (TA) Facility
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.
The Fund is designed to overcome project-level barriers and limitations in attracting private investment that leads to chronic underfunding of bankable mitigation and adaptation projects at the sub-national level, specifically at the deal size of USD 5 million to 75 million. Thousands of high merit sub-national projects are bypassed by commercial financing because investors prefer perceived safer and larger investments. The Fund firmly believes that GCF anchor funding and first-loss coverage will unlock both public investors and more importantly, private institutional investors. With GCF support, these investors have expressed willingness to co-invest. This is the first time an impact equity fund mobilizes public (20 %) and private sector (80%) funding at scale to de-risk sub-national middle scale infrastructure projects.
Project timeline
Pipeline
30 Aug 2017 - 1172 days
Concept note received
30 Aug 2017
Funding proposal received
31 Dec 2019
Cleared by GCF Secretariat
30 Mar 2020
Legal opinion on AE's Internal Approval
21 May 2020
Cleared by iTAP
19 Oct 2020
Approved
13 Nov 2020 - 159 days
Approved by GCF Board
13 Nov 2020
FAA executed
17 Feb 2021
Under implementation
20 Apr 2021 - 1,341 days so far
FAA effective
20 Apr 2021
Disbursement - USD 2,168,375
26 May 2021
Disbursement - USD 8,215,480
21 Aug 2023
To be completed
20 Apr 2028 - 1,218 days to go
Four regions
- Eastern Europe
- Latin America and the Caribbean
- Africa
- Asia-Pacific
Forty-two countries
- Albania
- Bahamas
- Brazil
- Burkina Faso
- Cambodia
- Cameroon
- Chile
- Costa Rica
- Côte d'Ivoire
- Democratic Republic of the Congo (the)
- Dominica
- Dominican Republic (the)
- Ecuador
- El Salvador
- Fiji
- Gabon
- Guatemala
- Guinea
- Haiti
- Honduras
- Indonesia
- Jamaica
- Jordan
- Kenya
- Lebanon
- North Macedonia
- Mali
- Mauritania
- Mexico
- Montenegro
- Morocco
- Mozambique
- Myanmar
- Nigeria
- Panama
- Rwanda
- Senegal
- South Africa
- Togo
- Tunisia
- Uganda
- Uruguay
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing56% disbursed
Instrument | Amount |
---|---|
Grant | USD 18,500,000 |
Total GCF Financing |
---|
USD 18,500,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | In-kind | USD 1,000,000 |
Co-Financing | In-kind | USD 400,000 |
Co-Financing | Grant | USD 6,000,000 |
Co-Financing | Grant | USD 100,000 |
Co-Financing | Grant | USD 1,500,000 |
Co-Financing | Grant | USD 500,000 |
Total Co-Financing |
---|
USD 9,500,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
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GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
International Union for Conservation of Nature
Manager – Quality and Performance, Multilateral Finance Unit
28 rue Mauverney, Gland, Switzerland
FRGS, Portfolio Manager Asia and Oceania - Multilateral Finance (GEF, GCF)
63 Sukhumvit Soi 39, Bangkok, Thailand
More contacts
National Designated Authority
Ministry of Tourism and Environment
Director of Procurement and Partnerities
Boulevard "Deshmoret e Kombit", No.1,1001 Tirana, Albania
Office of the Prime Minister
Special Advisor for Climate Change & Environmental Matters
Sir Cecil Wallace Whitfield Center, Nassau, Bahamas
Director, Department of Environmental Planning and Protection Ministry of Environment and Natural Resources
Deputy Director Economics, Ministry of Finance
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
livia.oliveira@fazenda.gov.br
luana.magalhaes@fazenda.gov.br
daniela.guimaraes@fazenda.gov.br
Prime Ministry
Policy Officer
Policy Officer
Ministry of Environment
Minister of Environment
Morodok Decho Building, No. 503, Chamkarmon,, Phnom Penh, Cambodia
Secretary of State, Ministry of Environment
Under Secretary of State, Ministry of Environment
Director General, General Directorate of Policy and Strategy, Ministry of Environment
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Ministry of Finance
Undersecretary of Finance
Teatinos 120, Santiago, Chile
Senior Advisor, Financial and International Affairs
Teatinos 120, Santiago, Chile
Ministry of Environment and Energy
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Minister's Office, Ministry of Environment and Sustainable Development
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
National Coordination of the Green Climate Fund
National Coordinator and GCF Focal Point for the Democratric Republic of the Congo
Ministry of Finance, Economic Development, Climate Resilience and Social Security
Financial Secretary
5th Floor, Financial Centre Kennedy Avenue Roseau Commonwealth of Dominica
Chief Development Planner (Ag.)
5th Floor, Financial Centre Kennedy Avenue Roseau Commonwealth of Dominica
National Programme Coordinator for GCF Programme Activities
5th Floor, Financial Centre Kennedy Avenue Roseau Commonwealth of Dominica
Ministry of Environment and Natural Resources
Viceminister of Climate Change and Sustainibility
Ave. Cayetano Germosén esq. Ave. Gregorio Luperón. Ensanche El Pedregal, Santo Domingo, Dominican Republic (the)
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Environment and Natural Resources (MARN)
Minister of Environment and Natural Resources
Kilómetro 5 ½ Carretera a Santa Tecla, Col. Las Mercedes, Frente a Círculo Miliar, Edificios MARN, San Salvador, El Salvador
Director of International Cooperation and Climate Change
Kilómetro 5 ½ Carretera a Santa Tecla, Col. Las Mercedes, Frente a Círculo Miliar, Edificios MARN, San Salvador, El Salvador
Office of the Prime Minister
Prime Minister and Minister for Climate Change
New Wing, Government Buildings,, Suva, Fiji
Permanent Secretary - Ministry of Environment and Climate Change
Director - Climate Change Division
Conseil National Climat National Climate Council
Permanent Secretary of the National Climate Council, Special Advisor to the Gabonese President
Advisor to the Gabonese President, National Climate Council
Ministry of Environment and Natural Resources
Minister of Environment and Natural Resources of Guatemala
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Head of International Cooperation
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
The National Directorate of the Environment
Executive Secretary of the National Designated Authority of the Green Climate Fund
Coléah Lansébounyi, Commune de Matam, Conakry, Guinea
Substitute
Coléah Lansébounyi- Commune de Matam, Conakry, Guinea
Ministry of Environment
Director General, Ministry of Environment
Parc Industriel Metropolitain (SONAPI), Route de l' Aeroport, Boulevard Toussaint Louverture, Port-au-Prince, Haiti
Director for Climate Change, Ministry of Environment
Parc Industriel Metropolitain (SONAPI), Route de l' Aeroport, Boulevard Toussaint Louverture, Port-au-Prince, Haiti
Secretary of Energy, Natural Resources, Environment and Mines
Secretary of State, Secretary of Energy, Natural Resources, Environment and Mines
Edificio Principal, 200 metros al Sur del Estadio nacional, Tegucigalpa, Honduras
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Ministry of Economic Growth and Job Creation (MEGJC)
Programme Coordination, Monitoring and Evaluation Officer
Ministry of Environment
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
Ministry of Environment
Head of Air Quality Department
Lazarieh Center, 7th Floor, Block A-4 Old P.O. Box 11/2727, Beirut, Lebanon
Office of the President of the Government of Republic of North Macedonia
Special Advisor to the President of the Government of Republic of North Macedonia
Bul Ilinden nr.2, Skopje, North Macedonia
Head of Department for Regional and Sustainable Development
Bul Ilinden 2, Skopje, North Macedonia
The Environment and Sustainable Development Agency
Head of department financial resources mobilization
Cite Administrative – Batiment No. 7 – BP: 1634, Bamako, Mali
Ministry of Environment and Sustainable Development
Secretary General
Rue Mamadou Konate, Lot 01 Immeuble du Government N.02 llot V. Tevragh Zeina, Nouakchott, Mauritania
Ministry of Finance and Public Credit, Unit of Public Credit and International Affairs
Director General of International Fora and Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Director of Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of Climate Change
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of International Fora
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Office for Sustainable Development in the Secretariat General of the Government of Montenegro
Head of the Office for Sustainable Development in the Secretariat General of Government of Montenegro
Karadjordjeva bb, 81000, Podgorica, Montenegro
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Economy and Finance – National Directorate for Monitoring and Evaluation
Deputy National Director of Monitoring and Evaluation
Ministry of Environmental Conservation and Forestry
Director General, Environmental Conservation Department
Building no. 53, Oattara Thiri Township, Nay Pyi Taw, Myanmar
National Council on Climate Change
Special Presidential Envoy on Climate Action (SPEC)
Office of the President of the Federal Republic of Nigeria, State House, Abuja, Nigeria
Director-General and Chief Executive Officer
14 Vistula Close, Maitama, FCT, Abuja, Nigeria
Ministry of Environment
Climate Change Director
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Head of International Technical Cooperation Office
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Rwanda Environment Management Authority
Director General
Ministry of Environment and Sustainable Development
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Department of Forestry, Fisheries, and the Environment
Senior Policy Advisor: International Governance Management
Directorate of Environment, Ministry of Environment
Director of Environment
240 rue des Nîmes Lomé - Togo -, Lomé, Togo
Environmentalist, head of planning unit
240 rue des Nîmes Lomé - Togo, Lomé, Togo
Ministry of Environment and Sustainable Development
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Ministry of Environment
Climate Change Director
Zabala 1442, 4th FI, Uruguay CP, 11600, Montevideo, Uruguay
Documents
News + Stories
GCF signs public-private partnership agreements to launch Global Subnational Climate Fund
23 Feb 2021 / The Green Climate Fund (GCF) has joined forces with Pegasus Capital Advisors and the International Union for Conservation of Nature (IUCN) in an innovative bundling of public-private financing to plug a funding gap for sub-national climate initiatives. GCF announced it has signed funding agreements with both organisations during a virtual briefing session for UN representatives in New York about the Global Subnational Climate Fund (SnCF Global), created to address a major deficit in climate finance.