DANSK DSF/ISO/DIS 14093 PDF

This document establishes an approach and methodology for a country-based mechanism to channel climate finance to sub-national authorities to support climate change adaptation and to increase local resilience thereby contributing to the achievement of the goals of the Paris Agreement and the SDGs. The country-based mechanism combines 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 sub-national 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. NOTE – Another mechanism for supporting local adaptation is by direct support at local level by donors without any financial flows from national government.