CANFFUND - Cambridgeshire Governance Framework to unlock net zero finance

剑桥郡和彼得伯勒独立气候委员会估计，到21世纪20年代，每年需要7亿英镑的资金来脱碳和适应气候变化。第一阶段的可行性研究表明，剑桥郡98%的支出用于加强化石燃料途径。在剑桥郡将资金流从高碳转向低碳需要一个强有力的循证治理框架和新的融资解决方案，以协调地方和国家的净零交付。地方自主贡献 ** 在明确的框架内使地方零净排放计划和承诺与国家承诺和报告要求保持一致。与联合王国的“国家自主贡献”一样，最不发达国家也包括目标和承诺以及实现这些目标的实施计划，并得到一个核算系统的支持，该系统将地方和国家数据统一起来，并明确作用和责任。这将成为英国在缔约方大会上发挥全球领导作用的又一例证，同时也是其他英国、国际和地方参与者了解其贡献如何得到核算的有用工具。该项目将为世界领先的剑桥郡最不发达国家开发和测试一个指导工具包，创造一种创新的、全系统的方法来转移资金，为地方、人民和气候带来好处，本项目以第一阶段的工作为基础，推进利用最不发达国家作为融资促进者的可行性，为开发一系列新的融资解决方案做出贡献，以促进对当地项目的投资，并支持实现净零排放。我们的指导意见将侧重于设计一个最不发达国家，克服已确定的非技术障碍，在一个地方投资于净零排放-基础水平。它将侧重于减少监管的不一致性和不确定性，并探讨如何解决障碍，如各部门的投资组合管理方法缺乏一致性，以及对社区和其他利益相关者的问题和机会的了解不足。我们将使用我们的本地能源计划（LAEP）作为应用指南的案例研究，但研究结果也将被设计为更广泛地适用于地方当局。最不发达国家的核心是：* 为国家政府提供一个治理机制，通过地方问责制来兑现承诺;让地方政府、社区和企业看到他们的净零排放行动如何为国家做出贡献。

The Cambridgeshire and Peterborough Independent Commission for Climate estimates that £700M/yr of funding is required through the 2020s to decarbonise and adapt for climate change. An ambitious funding plan is needed.Phase-1 feasibility showed that 98% of Cambridgeshire's spend reinforces fossil fuel pathways. The redirection of finance flows from high- to low-carbon in Cambridgeshire requires a robust evidence-based governance framework and new financing solutions to align local and national net-zero delivery.**Locally Determined Contributions (LDC)** align local net-zero plans and commitments with national commitments and reporting requirements in a clear framework. Like the UK's Nationally Determined Contribution, LDCs consist of targets and commitments and the implementation plans for achieving them, backed up by an accounting system aligning local and national data and clarifying roles and responsibilities.The LDC will provide the local context and ambition to be reflected into national commitments to meet UK's international agreements. This will serve as another example of the UK's global leadership at COP conferences, but also as a useful tool for other UK, international, and local actors to understand how their contribution can be accounted for.This project will **develop and test a guidance toolkit** for a world-leading Cambridgeshire LDC, creating an innovative, whole-system approach to shifting finance to deliver benefits for places, people and the climate, as well as value for money in the low-carbon transition.This project builds on the work of Phase-1 to progress the feasibility of using LDCs as a facilitator for finance, contributing to developing a range of new financing solutions to enable investment into local projects and support delivery of net-zero.Our guidance will focus on designing an LDC that overcomes identified non-technical barriers to investing in net-zero at a place-based level. It will focus on reducing regulatory inconsistencies and uncertainty and explore how to address barriers such as lack of consistency in portfolio management approaches across authorities, and low understanding of the issues and opportunities across communities and other stakeholders.We will use our Local Area Energy Plan (LAEP) as a case-study for applying the guidance, but the findings will be designed to be applicable across local authorities more broadly too.In its core, the LDC will:* provide a governance mechanism for national governments to deliver on their commitments through local accountability; and* enable local government, communities and business so see how their net-zero actions contribute to the national picture.