Enabling Conditions for Investment in the Transition to a low carbon society in Latin American Countries
As of: February 2021
The transition in Latin American countries to a low-carbon economy has meanwhile reached a crucial point and now requires political reforms that will create incentives for climate friendly investments. Together with stakeholders from the public and private sectors, the project is to support ambitious mitigation targets, contribute to the development of effective financial instruments and develop sectoral investment portfolios, all of which will advance the implementation of the Nationally Determined Contributions (NDCs) in the partner countries. The project will initiate regional, national and local ‘communities of practice’, which will enable local stakeholders to share their experiences and learn from one other. It will also contribute to the development of future, ambitious NDCs and to a stocktaking carried out within the framework of the “Ambition Mechanism” in the Paris Agreement.
State of implementation/results
- The project will run its first Latin American Annual Climate Investment Forum in December 2020. The Forum is a three-year, multi-level and multi-stakeholder process where strategies, experiences and challenges are shared regarding financing the transition towards zero-carbon economies and resilient development in Latin-America. The event will be virtual running over three days initially, followed up by individual sessions to be held periodically during 2021.