Global Subnational Climate Tender

STATUS Under implementationEST. COMPLETION 20 Apr 2033The goal of the Sub-national Climate Fund Global SnCF Global or the Fund is to catalyze long-term climate investment at the sub-national level for mitigation and adaptation solutions through a transformative financing model. The SnCF Globals business model is designed to attract primarily private institutional investment and to deliver certified climate and Sustainable Development impacts and Nature-based Solutions at global scale SDGs NbS. The subnational level is key 70 of known climate solutions are located within the boundaries of subnational authorities. Significant additional investment is needed in this sector to achieve the climate goals of the Paris Agreement. The SnCF Global presents a positive disruptive solution on how subnational climate projects should be structured de-risked and funded by both private and public investors while monitored and benchmarked at the highest level of rigor and quality.The Fund is designed to overcome project-level barriers and limitations in attracting private investment that leads to chronic underfunding of bankable mitigation and adaptation projects at the sub-national level specifically at the deal size of USD 5 million to 75 million. Thousands of high merit sub-national projects are bypassed by commercial financing because investors prefer perceived safer and larger investments. The Fund firmly believes that GCF anchor funding and first-loss coverage will unlock both public investors and more importantly private institutional investors. With GCF support these investors have expressed willingness to co-invest. This is the first time an impact equity fund mobilizes public 20 and private sector 80 funding at scale to de-risk sub-national middle scale infrastructure projects. Tonnes of emissions avoided77.6mFOUR REGIONSAfricaAsia-PacificLatin America and the CaribbeanEastern EuropeGCF financingINSTRUMENTAMOUNT EquityUSD 150000000TOTAL GCF FINANCINGUSD 150000000CofinancingCOFINANCERINSTRUMENTAMOUNT Co-FinancingEquityUSD 600000000TOTAL CO-FINANCINGUSD 600000000Africa Burkina Faso Cameroon Cote dIvoire DemocraticRepublic of the Congo Gabon Guinea Kenya MaliMozambique Nigeria Rwanda Senegal South Africa TogoUganda.Asia- Pacific Cambodia Fiji Indonesia Myanmar.Latin America and the Caribbean Bahamas Brazil ChileCosta Rica Dominica Dominican Republic Ecuador ElSalvador Guatemala Haiti Honduras Jamaica MexicoPanama Uruguay.Mediterranean Albania Jordan Lebanon MauritaniaMontenegro Morocco North Macedonia Tunisia.NATIONAL DESIGNATED AUTHORITYCoTE DIVOIRE Directorate for the Fight against Climate Change Ministry of Environment and Sustainable DevelopmentMr. Kouadio Kumassi PhilippeDeputy Director of Climate ChangeCite Administrative Plateau Tour D 10eme etage - 20 BP 650 Abidjan 20 Cot