LIFE-AR has set up an ambitious target of at least 70% of climate finance being invested at the local level to support community-prioritized investments by 2030.
However, the key question is how to translate this principle into practice when every country faces different realities, and the funding landscape does not yet adequately support LDC needs.
This thematic paper explores emerging lessons from the FRCs on how they are implementing the 70:30 principles, the successes, challenges and lessons.
It captures learnings on how each of the four countries interpreted the 70:30 principle and how it relates to specific contexts. The aim is to highlight progress as the evidence emerges and especially as countries move to the investment phase.
Achieving the LDC vision 2050 will require long term programmatic approaches, recognising that it takes time to build the finance, structures and systems needed to ensure ‘at least 70%’ of finance flows reach community level to build resilience.
The LIFE-AR Front Runner Countries (FRCs), the first joiners and implementers of the initiative, are not just testing a financial allocation principle, they are also demonstrating whether international climate finance architecture can truly transform from ‘business as usual’ to ‘business-unusual’. Evidence so far suggests it can, but only if there is an acknowledgement of the messy, context-specific, non-linear path required to get there.
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