LoCAL is the UN Capital Development Fund’s facility for investment in local level climate resilience. The facility channels global adaptation nance to local governments – who 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 capital grants to local governments with performance-based climate adaptation funding. LoCAL thus provides a fast and effective means to channel adaptation nance to where it is most needed, while at the same time ensuring ownership, accountability and results. T
he methodology is derived from UNCDF’s specific experience in setting up of such systems for effective capital investments and capacity building of the sub-national governments.