As of: October 2016
Developing a Bioenergy Strategic Model to support Energy Nationally Appropriate Mitigation Action in Peru
Objective and activities
The project develops a model for the strategic management of bioenergy in Peru. It aims to provide families in rural areas, where the poverty rate is particularly high, with access to low cost renewable energy. At the same time, end users in cities are to be provided with a “greener” source of energy in order to achieve a reduction in greenhouse gas (GHG) emissions. The scheme consists of six elements: (i) increasing the demand for biofuels by promoting bioenergy technologies and raising awareness for this type of energy; (ii) strengthening business initiatives with technology suppliers and retailers in Peru; (iii) designing and implementing mechanisms for the financing of bioenergy projects; (iv) developing a standardization system as well as a framework for research and development; (v) providing technical assistance; (vi) establishing and developing a monitoring system.
The project makes an important contribution to the achievement of the Bioenergy Nationally Appropriate Mitigation Action (NAMA). It cooperates across sectors with several ministries, and coordinates its activities with Peru’s Fund for Inclusion and Energy Security (FISE).
State of implementation/results
- Organised its first sectorial roundtable with the Ministry of Energy and Mines (MEM) and the Ministry of Environment (MINAM)
- Organised and ran technical committees on a subnational level to discuss the legal and regulatory framework
- Ongoing provision of training and support for the formulation of public investment projects in the bioenergy sector
- Finalised an agreement with the second-tier development bank COFIDE boosting financial mechanisms for private sector credit generation
- Involved the development banks Kreditanstalt für Wiederaufbau (KfW) and Dutch Development Bank (FMO) in the implementation of pilot projects through their Peruvian counterparts