Climate Financing
Strengthening of enabling frameworks, institutional capacities and instruments for financing and investment for the achievement of national climate targets
Access to financing and investments
Climate financing represents one of the priorities for the region. To move towards low-carbon and climate-resilient development, a shift in investment flows is needed. The complex architecture of climate financing makes it difficult for Latin American countries to access the necessary resources, international and national, local, public and private, to facilitate Nationally Determined Contributions in action and to foster a sustainable, resilient and inclusive recovery.
Engaging financial system actors is important to strengthen climate action and realise a sustainable, resilient and inclusive recovery strategy in the public, private and civil society sectors. Regulatory frameworks, institutional and management capacities and coordination with the financial sector may be insufficient to adequately harness or mobilise all available or potential resources.
The different actions that this EU programme has implemented and continues to promote in synergy with the countries are presented below:
in synergy with the countries:
What can EUROCLIMA+ contribute?
Strengthening
• Strengthening financial instruments associated with policies and plans to combat climate change at the national level, including support for the development of national climate financing strategies.
• Strengthening capacities and instruments within institutions linked to economic and fiscal policy.
Support
- Support to the development of methodologies to monitor the financial resources allocated to the fight against climate change at the national level.
- Support for the development of incentive schemes to tackle climate change at the national level.
Actions
Securing funding through the creation of Ecosystem-based Adaptation (EbA) projects in urban areas - Regional
Acceleration of sustainable urban mobility projects in Brazilian cities
Mobilization of funds for the development and deployment of green hydrogen technology in the LAC region
Mobilization of funds for the development and deployment of green hydrogen technology in the LAC region
Capacity building and guidelines for accessing climate finance for small-scale community-based climate adaptation implementers- Mexico
Capacity building and guidelines for accessing climate finance for small-scale community-based climate adaptation implementers- Mexico
Incorporating carbon valuation mechanisms for changing relative returns in favor of lower carbon development - Multi-country
Strengthening financial systems through alignment with the climate change goals of the Paris Agreement - Multi country
Integration of climate change into public investment processes - Costa Rica
Generate the conditions for investments in the deployment of solar generation distributed in the region.
Access to climate financing for electric mobility - Multi-country
Integration of SOURCE and SARAS - Ecuador
Development and implementation of a coherent, interoperable and transparent framework on sustainable financing in all LAC countries
Development and implementation of a coherent, interoperable and transparent framework on sustainable financing in all LAC countries
Follow-up and monitoring of climate finance flows in Latin America and the Caribbean
Economic Advising for the Green Recovery
Incorporation of financing strategies for the implementation of PARCCs and the integration of private sector climate action - Chile
Incorporation of financing strategies for the implementation of PARCCs and the integration of private sector climate action - Chile
Regional Dialogue on Climate Financing in Latin America - Regional
Training program in formulation of bankable climate projects- Regional
Assessment of the feasibility of implementing climate financial inclusion in the Honduran national context - Honduras
Support for obtaining funds to implement the Strategic Agenda for Adaptation to Climate Change in the Andes - Multi-country
Regional Dialogue on Climate Financing in Latin America - Regional
V Regional Dialogue on Climate Finance in Latin America - Regional
Integration of climate change into public investment processes - Costa Rica
Economic Advising for the Green Recovery
Mobilization of funds for the development and deployment of green hydrogen technology in the LAC region
Mobilization of funds for the development and deployment of green hydrogen technology in the LAC region
Training courses on bankable climate project formulation - Regional
Securing funding through the creation of Ecosystem-based Adaptation (EbA) projects in urban areas - Regional
Access to climate financing for electric mobility - Multi-country
Strengthening financial systems through alignment with the climate change goals of the Paris Agreement - Multi country
Generate the conditions for investments in the deployment of solar generation distributed in the region.
Incorporating carbon valuation mechanisms for changing relative returns in favor of lower carbon development - Multi-country
Integration of SOURCE and SARAS - Ecuador
Acceleration of sustainable urban mobility projects in Brazilian cities
Development and implementation of a coherent, interoperable and transparent framework on sustainable financing in all LAC countries
Development and implementation of a coherent, interoperable and transparent framework on sustainable financing in all LAC countries
Evaluation of the feasibility of implementing climate financing inclusion in the national context of Honduras
Support for obtaining funds to implement the Strategic Agenda for Adaptation to Climate Change in the Andes - Multi-country
Capacity building and guidelines for accessing climate finance for small-scale community-based climate adaptation implementers- Mexico
Capacity building and guidelines for accessing climate finance for small-scale community-based climate adaptation implementers- Mexico
Incorporation of financing strategies for the implementation of PARCCs and the integration of private sector climate action - Chile
Incorporation of financing strategies for the implementation of PARCCs and the integration of private sector climate action - Chile
EUROCLIMA+ videos and webinars
Climate Financing
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