This document establishes an approach and methodology for a country-based mechanism to channel climate finance to subnational authorities to support climate change adaptation and to increase local resilience thereby contributing to the achievement of the goals of the 2015 Paris Agreement of the United Nations Framework Convention on Climate Change (UNFCCC) and the UN Sustainable Development Goals (SDGs). The country-based mechanism uses performance-based climate resilience grants (PBCRGs) which ensure programming and verification of climate change expenditures at the local level, offering strong incentives for performance improvements in enhanced resilience. This document provides requirements and guidelines and is applicable to organizations such as national and subnational authorities, donors, companies, financial institutions and international organizations that are involved in implementing a country-based mechanism for channelling climate finance to subnational authorities to support climate change adaptation and resilience.
Sisällysluettelo
Foreword
Introduction
1 Scope
2 Normative references
3 Terms, definitions and abbreviated terms
3.1 Terms and definitions
3.2 Abbreviated terms
4 Financing and mainstreaming climate change adaptation at the local level
5 General description of the mechanism
5.1 Overview
5.2 Localizing adaptation action
5.3 Good governance and public financial management
6 Designing a national system for local adaptation financing
6.1 General
6.2 Scoping analysis
6.3 Assessing conditions for a successful launch — Key points and principles for consideration
7 Designing the PBCRG system
7.1 General
7.2 Minimum conditions and performance metrics
7.3 Size of the grants and allocation formula
7.4 Menu of eligible adaptation investments
7.5 Institutional arrangements
7.6 Flow of funds
7.7 Capacity building and institutional strengthening
7.8 Selection of (pilot) subnational authorities
7.9 Outlining the rationale for the initiative — Output and outcomes
7.10 Country design report
8 Implementation and institutional arrangements
8.1 General
8.2 Conducting/reviewing climate risks, vulnerability and adaptation assessments
8.3 Integrating adaptation into local development planning and budgeting
8.4 Selecting and implementing adaptation investments