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Sub-national Climate Fund

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)