Project profile — Canadian Climate Fund for the Private Sector in the Americas II



Overview 

CA-3-D004327001
$223,500,000
IDB - Inter-American Development Bank (46012)
2019-03-19 - 2044-03-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Costa Rica (0.00%)
• Colombia (0.00%)
• Nicaragua (0.00%)
• Brazil (0.00%)
• El Salvador (0.00%)
• West Indies, regional (19.00%)
• North and Central America, regional (31.00%)
• South America, regional (50.00%)

Sector 

• Transport And Storage: Public transport services (21012) (1.00%)
• Energy conservation and demand-side efficiency:
Energy conservation and demand-side efficiency (23183) (10.00%)
Energy generation, renewable sources - multiple technologies (23210) (10.00%)
Hydro-electric power plants (23220) (5.00%)
Solar energy (23230) (45.00%)
Wind energy (23240) (15.00%)
Biofuel-fired power plants (23270) (2.00%)
• Heating, Cooling And Energy Distribution: Electric power transmission and  distribution (23630) (1.00%)
• Agriculture: Agricultural development (31120) (10.00%)
• Forestry: Forestry development (31220) (1.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (significant objective)
• Desertification (not targeted)
• Urban issues (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

The Canadian Climate Fund for the Private Sector in the Americas II (the Fund) aims to catalyze private sector investments in climate change mitigation and adaptation across the Latin America and Caribbean region, while promoting gender-responsive, sustainable economic development. The Fund is managed by the Inter-American Development Bank (IDB) and implemented by the Inter-American Investment Corporation (IDB Invest), which together are referred to as the IDB Group. The Fund co-finances the IDB Group’s private sector climate mitigation and adaptation projects in Latin America and the Caribbean that need concessional financing to be viable. It offers lower-cost, longer-term and higher-risk loans when they are needed to jump-start a project. Projects supported by the Fund may include renewable energy, energy efficiency, agriculture, forestry, greenhouse-gas emission reduction projects, as well as adaptation projects to reduce climate change vulnerabilities. This project aims to help developing countries transition to low-carbon, sustainable and resilient economies.

Expected results 

The expected outcomes for this project include: (1) the reduction of greenhouse gas emissions; (2) reduced vulnerability of businesses, communities, livelihoods and infrastructure to the adverse effects of climate change; and (3) enhanced participation by women in climate mitigation and adaptation-relevant sector or activities.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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