The Devolved Climate Finance (DCF) mechanism is an innovative model for investing at the local level in developing countries and building sustainable and climate-resilient livelihoods. The mechanism builds on the premise that local communities have in-depth knowledge about climate variability and risks.

This paper explores different mechanisms for delivering climate finance at the local level. It focuses on the experiences of a national climate fund – the Climate Resilient Green Economy (CRGE) facility in Ethiopia – and a sub-national source – the County Climate Change Funds (CCCFs) in Kenya.