Financing locally led adaptation
Investing in green enterprise
Building resilient economies
LoCAL +
Building resilient economies that can withstand the impacts of climate change requires investment. UN Capital Development is committed to working with partners to increase finance for adaptation at the local level.
To drive capital to communities on the climate change frontline, UNCDF is broadening our offer to Least Developed Countries, Small Island Developing States and African Nations through the Local Climate Adaptive Living (LoCAL) Facility, which now includes a new private sector window: LoCAL+.
LoCAL+ continues to provide a standard internationally recognized mechanism that helps local government authorities in developing and least developed countries access the climate finance, capacity building and technical support they need to respond and adapt to climate change.
LoCAL+ also offers a new private sector financing window to provide guarantees, loans and other tailored financial products to small and medium-sized enterprises and service providers working in the green economy.
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Our partners
At the sub-national level, local governments and local communities are both partners and beneficiaries of UN Capital Development Fund as we work together to deliver on the commitments of LoCAL+. They directly lead or contribute to key steps of the process through participatory planning and mainstreaming, and implementation and oversight of adaptation measures and investments. They benefit from capacity building through on-the-job learning, access to technical support and guidance for long-term institutional strengthening.
At the national level, LoCAL+ generally works with central ministries in charge of decentralization, environment and climate change, planning and finance, and in-country development partners. Central ministries coordinate country efforts, support local governments through strategic guidance and services, and are leading the preparation for expansion and national roll-out of LoCAL+ in Phases II and III. In-country development partners, which vary from country to country, provide technical and financial support.
