Project TA
INTERNATIONAL CLIMATE FINANCING
Technical Assistance Facility for the Global Subnational Climate Fund (TA)
| Project Name | Technical Assistance Facility (TA) for Global Subnational Climate Fund |
| Accredited Entity | International Union for Conservation of Nature (IUCN) |
| Year of Approval | 2020 |
| Duration | 7 years |
| Sector | Transversal |
| Amount | 28 million USD |
| Geographic Scope | Regional — 42 developing economies |
| Climate Use | Mitigation |
| Contents | The objective of the Global Subnational Climate Fund (AT) Technical Assistance Mechanism is to eliminate the lack of funding for medium-sized climate initiatives, transforming local infrastructure concepts into viable and commercially attractive investments at an early stage. Acting as the project preparation arm of a parallel private capital fund, this grant-funded mechanism reduces the risk of sustainable energy, waste management and sustainable agriculture projects through rigorous feasibility studies, capacity building and mandatory Gold Standard impact certification. By integrating Nature-Based Solutions and aligning with local regulation on infrastructure design, the mechanism mobilises private institutional capital in 42 developing economies to accelerate regional efforts to mitigate and adapt to climate change. |
