Global Subnational Climate Fund (SnCF Global) (GCF-FP151)

Countries
  • Albania
  • Bahamas
  • Brazil
  • Burkina Faso
  • Cambodia
  • Cameroon
  • Chile
  • Congo, Democratic Republic of
  • Costa Rica
  • Dominica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Fiji
  • Gabon
  • Guatemala
  • Guinea
  • Haiti
  • Honduras
  • Indonesia
  • Ivory Coast
  • Jamaica
  • Jordan
  • Kenya
  • Lebanon
  • Macedonia
  • Mali
  • Mauritania
  • Mexico
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Nigeria
  • Panama
  • Rwanda
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Uruguay
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 12, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
International Union for Conservation of Nature (IUCN)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Construction
  • Energy
  • Finance
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 18.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 28.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Apr 21, 2021

Disclosed by Bank Apr 28, 2020


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the implementing agencies, the project seeks to unlock capital from private investors for investments in climate-resilient infrastructure projects from sub-national actors around the world. Technical assistance will be provided so that these projects have access to credit. The support will be for infrastructure projects between $ 5 and $ 75 million USD that are medium, low carbon and climate resilient, in developing and less developed countries.

The topics in which the SnCF will invest are: waste optimization, renewable energy, energy efficient lighting and water and sanitation projects.

The SnCF seeks the reduction of GHGs; protection of biodiversity and natural resources; respect for indigenous peoples and cultural heritage; incorporation of the gender perspective; good labor standards and working conditions; community health and safety; pollution prevention; and avoid involuntary resettlement or loss of livelihoods.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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IUCN
 

Headquarters

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Switzerland

+41 22 9990000
+41 22 9990002 (Fax)
http://www.iucn.org
 
IUCN grievance mechanism
 
https://www.iucn.org/sites/dev/files/iucn_esms_grievance_mechanism_guidance_note.pdf

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How it works