Subnational Climate Fund

The Subnational Climate Fund (SnCF), approved by the GCF in 2020 and running through 2028, aims to mobilize USD 750 million to support approximately 40 subnational projects with deal sizes between USD 5 million and 75 million. The fund utilizes a Technical Assistance Facility and USD 150 million in concessional equity from the GCF to attract USD 600 million in commercial equity, targeting subnational governments that lack fiscal autonomy or the ability to borrow from international capital markets. The fund involves 42 countries, including 16 in Africa, and focuses on projects aligned with NDCs that incorporate Nature-based Solutions.

• The SnCF aims to raise a total of USD 750 million, consisting of USD 150 million in concessional equity from the GCF and USD 600 million in commercial equity, to support roughly 40 subnational projects with individual deal sizes ranging from USD 5 million to 75 million.
• The fund employs a Technical Assistance Facility to provide capacity building for local governments, prepare projects, and certify climate and SDG impacts, ensuring projects align with NDCs and utilize Nature-based Solutions.
• The SnCF involves 42 countries, with 16 located in Africa: Burkina Faso, Cameroon, Côte D’Ivoire, Democratic Republic of the Congo, Gabon, Kenya, Mali, Mauritania, Mozambique, Morocco, Nigeria, Senegal, South Africa, Togo, Tunisia, and Uganda.

APA

Climate Policy Initiative (2021). Subnational Climate Fund. https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/subnational-climate-fund-2/

Chicago

Climate Policy Initiative. Subnational Climate Fund. 2021. https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/subnational-climate-fund-2/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Subnational Climate Fund |date=16 September 2021 |url=https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/subnational-climate-fund-2/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2021subnational, author = {{Climate Policy Initiative}}, title = {{Subnational Climate Fund}}, institution = {Climate Policy Initiative}, year = {2021}, month = sep, url = {https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/subnational-climate-fund-2/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }