Shifting just 1% of total global financial assets – estimated at EUR 352 trillion, 2.5 annually – could bridge the existing financing gap needed for delivering the Paris Agreement on Climate Change and the UN Sustainable Development Goals.
Tuesday, June 15, 2021 16:00 to 17:15
We are hosting two virtual stands, one with the EUROCLIMA+ programme and the other with our partner the Inter-American Development Bank. You can join us by chatting, booking meetings, or sending us emails. We will also be showcasing our latest publications.
Fuente: Cerro DOMINADOR, Comunicaciones y Comercialización
The first concentrated solar power plant in Latin America was inaugurated in Chile, which will supply more than 380,000 homes with 100% clean and renewable energy. The Cerro Dominador project is the first combined solar thermal and photovoltaic system in Latin America that will contribute significantly to the mitigation of climate change, preventing the emission of 870 thousand
UNEP FI, Sustainability Academy, an initiative of eco.business Fund Development Facility, Inter-American Development Bank (IDB), CAF – Latin American Development Bank, and FINRESP are organizing a Series of Webinars on “Ecosystems and Sustainable Finance in Spain and Latin America” on 28/04, 12/05, 26/05 and 09/06. This effort is carried out in collaboration with the Public-Private Working Group on Green Finance of Chile, the Sustainable Finance Working Group (MFS) of Paraguay, the Sustainable Finance Working Group of Panama, the Sustainable Finance Working Group (MFS) of Bolivia , the Sustainable Finance Initiative
© Cerro Dominador
One of the great milestones of 2020 is the completion of the 250-meter-high tower of the solar thermal plant of the Cerro Dominador complex.
This great project, started in 2014, has been co-financed by the European Union, through LAIF, and KfW, as part of the Chilean Solar Energy Program, which seeks to support the Government of Chile in its goal of achieving that, by 2025, 20% of the electricity produced comes from clean energy sources.
Source: eco.business Fund
The eco.business Fund Development Facility officially launched its Sustainability Academy designed to build capacity on environmental and social best practices for partner institutions and end borrowers and increase uptake of sustainable practices. Due to the global pandemic the world finds itself in, the Sustainability Academy was launched virtually through a training webinar conducted with partner institution Banco Hipotecario for its clients in the agricultural and manufacturing sectors to explore business opportunities arising from the COVID19 crisis.
Source: eco.business Fund
The eco.business Fund Development Facility, in partnership with the United Nations Environment Programme Finance Initiative (UNEP FI), has successfully launched a tailor-made webinar series on the U.N. “Principles for Responsible Banking.” More than 80 bank representatives from Ecuador, Colombia, Mexico, Brazil, Argentina, and Central America participated in the first webinar of the series to learn about concrete methods for integrating this framework into local financing practices.
- This program seeks to promote job integration opportunities through culture and facilitate access to affordable housing for Venezuelan migrants and host populations.
- It is funded by the European Union, through LAIF, and the Korean Alliance Fund for Knowledge in Technology and Innovation (KPK), and is complementary to the funds provided in the form of credit by the Inter-American Development Bank to help improve the provision of infrastructure and services in these cities.
- The project will be implemented in Cúcuta, including Villa del Rosario; Riohacha, Maicao, Barranquilla, Medellín and Rionegro, main host cities.
- Four entities of the National Government are working in this initiative: MinCultura, MinVivie
The European Union’s Latin America Investment Facility (LAIF), the German Cooperation Ministry (BMZ) and the German Development Bank (KfW) have signed an agreement on a €15 million EU contribution to the Latin American Green Bond Fund, known as LAGREEN. The signing coincides with a fruitful virtual meeting of foreign ministers from the EU, Latin America and the Caribbean, hosted by Germany, on 14 December.
LAGREEN is the first green bonds fund in Latin America. Its main purpose is twofold: to finance climate- and resource-friendly investments and to mobilise local and international private capital towards the issuance of more green bonds in Latin America.
The project that will provide potable water and sewerage to rural communities of Portoviejo, Ecuador, receives financial support from the European Union, through LAIF.
It is considered one of the largest and most ambitious social development and infrastructure projects in Ecuador, which will benefit more than 55 thousand people who have lived outside these basic services.
This work will contribute to the achievement of a series of Sustainable Development Goals (namely 3, 5, 6, 11, and 13) and to strengthen Ecuador's resilience in the face of pandemics such as Covid-19.