Seguimiento 2017 - Facilidad Climática UE

Seguimiento 2017 - Fondos Climáticos

Seguimiento 2017 - Gestión Urbana

Seguimiento 2017 - Movilidad Urbana

Seguimiento 2017 - GEOPOLIS

Climate Finance Facility

The Climate Finance Facility based on performance is an innovative instrument launched by CAF to promote the implementation of greenhouse gas mitigation measures. The Facility supports the design of two Sectorial Mitigation Mechanisms that are the basis for the implementation of up to ten pilot projects per sector. The instrument enables the ex-post distribution of a subsidy that seeks to eliminate barriers that limit investment in mitigation measures, such as high initial costs or the perception of investment risk. The Facility is implemented with funds from the European Commission for an amount of 10 million euros and is valid until December 31, 2021.

The implementation of the Facility comprises 4 main activities: (1) The design of a Sectorial Mitigation Mechanism, including the development of operating rules and the identification and selection of projects; (2) the implementation of the projects by the beneficiaries within one year; (3) the monitoring, reporting and verification of carbon dioxide emission reductions; and (4) the provision of an economic incentive, after CAF verifies the carbon dioxide reduction.

Access to International Climate Funds

CAF has made significant efforts to catalyze the access of competent national bodies to newly created international climate funds, such as the Adaptation Fund, the Global Environment Fund (GEF) and the Green Climate Fund (GCF). As an implementing agency of such funds, CAF assumes the role of capacity building in national entities with potential for accreditation, in order to enhance access to international resources. To this end CAF carries out training workshops, puts together working groups with stakeholders and creates platforms to support entities that are in the process of accreditation.

Urban Mobility

CAF is conducting several financing and technical assistance initiatives to promote sustainable urban mobility in Latin America, particularly in planning, public transport, road safety, shared mobility, the use of motorcycles and bicycles, among others. Other notable contributions are the structuring and implementation of major mass transport systems such as the metros of Panama, Lima and Quito; or the rapid bus transport in Bogota, La Paz, Fortaleza and Niteroi. The organization has also implemented the Urban Mobility Observatory which regularly updates and publishes data on 28 cities in the region.

GEOPOLIS Program

The GEOPOLIS Program is an initiative of CAF’s which promotes knowledge generation, the dissemination of best practices and the development of a culture of prevention in areas related to disaster risk reduction. The program supports the planning and institutional strengthening of national and local entities through the development of Indicative Plans for Institutional Strengthening, focused on the sectors of roads and telecommunications, among others. Similarly, it oversees the preparation of seismic engineering documents produced as input for the design and rehabilitation of key infrastructure elements; and studies on the impact of climate change on water resources, moors, glaciers, droughts and extreme climate events.

The Biodiversity Program (BioCAF) promoted the conservation and sustainable use of ecosystems, natural and genetic resources, and biodiversity. In doing so, it focused on promoting initiatives for the conservation of ecosystems, encouraging the promotion of environmental services, and developing mechanisms and tools to promote biodiversity products and services.

The CAF’s Latin American Carbon and Clean Alternative Energy Program (PLAC+e) assisted in mitigating and adapting to the problem of climate change and in encouraging the efficient use of clean energies. Its portfolio of 32 projects is equal to a volume of 6.8 million tons of greenhouse gases prevented from entering the atmosphere.