Sub-national Climate Fund:
A delegation from the World Bank has arrived in Goa for talks with the state govt to set up the first sub-national climate resilient green fund.
- Sub-national Climate Fund is a global blended finance initiative to develop mid-size climate-resilient infrastructure & nature-based solutions.
- Mission is to invest in subnational climate-smart infrastructure and nature-based solutions delivering measurable and certified climate and sustainable development impact at the local level.
- The model is designed to attract public and private investment and to deliver certified climate and Sustainable Development impacts and Nature-based Solutions.
- Fund Manager: It is managed by Pegasus Capital.
- The International Union for Conservation of Nature (IUCN) is responsible for the Technical Assistance component of SCF.
- Anchor Investor of Concessional Capital: The Green Climate Fund (GCF)
