Global Subnational Climate Fund (SnCF Global)

The Sub national Climate Fund is an umbrella fund for the deployment of sub national high social and environmental impacts projects such as water and sanitation, waste optimisation, decentralised renewable energy, energy efficiency, nature based agriculture, and smart city (e-mobility). It leverages technical assistance and Blended Finance to accelerate the development and investment in a portfolio of bankable sustainable infrastructure projects. The SnCF is the first step to a larger initiative that aims to scale-up and replicate sustainable infrastructure funds.

Pegasus Capital Advisors (Pegasus) will oversee the resource mobilisation, while International Union for Conservation of Nature (IUCN) will lead the technical assistance process.

The program is taking place on 42 countries including Indonesia and estimated to reduce emission globally at 77.6 million tonnes CO2eq for 20 years lifespan. Project implementation is going to be discussed closely with the National Designated Authority (NDA) of each country.