Subnational Climate Finance: Trends in NDC Partnership Support

Year Published

2023

Contributing Organizations

NDC Partnership

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate & Transition Finance

Topic 2

Nationally Determined Contributions (NDCs)

Topic 3

Climate Strategy & Capabilities

Target Audience

Governments & Policymakers

Financial Services Providers

Relevant Geography

Global

Resource Description

This brief reviews how subnational governments are engaging with the NDC Partnership to access climate finance, focusing on needs, barriers, and opportunities to strengthen local action.

Why This Matters

Subnational actors are crucial for delivering climate goals but need better access to finance and capacity support to scale action effectively.

Key Insights

Local governments seek support mainly for sector projects like energy, water, and agriculture
Many lack capacity to prepare bankable projects, limiting access to finance
Barriers include borrowing restrictions, weak credit profiles, and uneven resource flows favoring larger cities
Solutions involve stronger national-local cooperation, credit enhancement, and tailored mechanisms to channel funds to smaller projects

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