Project Documents

Local Climate Adaptive Living Facility (LoCAL) - phase I

  • October 17, 2017

  • Project Documents

Summary

LoCAL is the UN Capital Development Fund's facility for investment in local level climate resilience. The facility channels global adaptation finance to local governments - who by virtue of their mandates are at the frontline of dealing with the effects of climate change - and enables them to invest in building local resilience. The method for doing so is innovative: the LoCAL Facility connects to existing national intergovernmental fiscal transfer systems and supplements transfers to local governments with performance-based climate resilience grants (PBCRGs). LoCAL thus provides a fast and effective means to channel adaptation finance to where it is most needed, while at the same time ensuring ownership, accountability and results.

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