Adapting Public Investment to Climate Change in Latin America (IPACC II)
As of: June 2021
Between 11/2011 and 04/2015, in partnership with the Peruvian Ministries (MEF and MINAM), Adapting Public Investment to Climate Change Project (IPACC I) was executed, achieving the implementation of climate risk analyses in the national procedures for public investment. Thereby, in order to exploit the Peruvian advances and expand their experiences, IPACC II was commissioned. On the one hand this project will strengthen the capacities in Peru. On the other hand this innovative approach shall be adapted and transferred to other countries of Latin America, specifically to Brazil and Colombia. This project contributes considerably to reducing climate induced economic, social and ecologic damages and thereby leads to a better adaptation to climate change.
State of implementation/results
Project supported Peru, Colombia and Brazil to integrate climate risks into public investment decisions-- PER: development of intersectoral guidelines on climate risk management in public investment projects for health and agriculture.--Adoption of the regional public investment project "How the forest ecosystem of Huacrupe - La Calera is established" based on a detailed climate risk analysis --KOL: Development of climate risk management instruments for the public investment project platform of the Ministry of Planning--BRA: Training of the Development ank on "Climate change and climate risk management in investment projects". BRA; Project supported development of an innovative method for integrating climate risk management in the agricultural sector, directly linked to the planning of the public budget regarding subsidies for agricultural credits and agricultural insurances.