Adapting Public Investment to Climate Change
As of: August 2020
Objective and activities
Through pilot projects in two regions of Peru, the project prepared catalogues of criteria for climate change adaptation in the agriculture and tourism sectors. These catalogues were incorporated into Peru's national approval procedures for public investment (SNIP). This ensured that potential impacts of climate change were taken into account early in the planning of public projects. In addition, the project advised the Peruvian Ministry of Economy and Finance, the Ministry of the Environment and the relevant regional governments in their use of the criteria.
Adapting Public Investment to Climate Change in Latin America (IPACC II)
State of implementation/results
- Project completed
- A climate risk assessment has been required for all public investment projects in Peru since October 2013 in accordance with a resolution issued by the Peruvian Ministry of Economy and Finance (MEF).
- The MEF has published sector-specific guidelines for taking climate change into account when preparing and evaluating public investment projects in the tourism sector.
- An interactive CD with geo-referenced investment projects and updated cartographic material documenting climate change risks and scenarios helps project planners during the decision-making process.
- Since April 2014, 61 Peruvian project planners and evaluators have been enrolled in an online training course on adapting public investment projects to climate change. This course was developed in cooperation with MEF.