SnCF Global
INTERNATIONAL CLIMATE FINANCING
Global Subnational Climate Fund – Equity (SnCF Global)
| Project Name | Global Subnational Climate Fund (SnCF Global) – Equity |
|---|---|
| Accredited Entity | Pegasus Capital Advisers |
| Year of Approval | 2020 |
| Duration | 15 years |
| Sector | Transversal |
| Amount | 750 million USD |
| Geographic Scope | Regional — 42 developing economies |
| Climate Use | Mitigation |
| Contents | The main objective of the Global Global Global Climate Fund (SnCF Global) – Equity is to mobilise institutional private capital for subnational medium-scale climate mitigation and adaptation infrastructure projects that face a persistent funding deficit. Using a mixed financing structure with a share of the Green Climate Fund’s reference capital worth 150 million US dollars to absorb the risk of first loss, the fund reduces the risk of investments ranging from 5 million to 75 million US dollars, making them attractive to commercial investors. By channeling this equity to assets in the areas of sustainable energy, waste management and sustainable agriculture in 42 developing economies, the project enables municipal and regional authorities to implement certified and localized climate solutions as well as Nature-Based Solutions. |
