Accessing International Climate Change Related Finance in Latin America and the Caribbean

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collection.link.77
https://openknowledge.worldbank.org/handle/10986/2185
collection.name.77
Other Financial Sector Study
dc.contributor.author
World Bank
dc.date.accessioned
2013-10-03T19:47:38Z
dc.date.available
2013-10-03T19:47:38Z
dc.date.issued
2013-06-14
dc.date.lastModified
2021-04-23T14:03:22Z
dc.description.abstract
Financing projects and programs to mitigate impacts of, and adapt to, the climate change is a matter of necessity not choice. This green expenditure policy note looks at factors facilitating the access to international financial instruments for Latin America and the Caribbean (LAC) countries that support mitigation of and adaptation to climate change. This policy note explores two questions: (i) does the quality of government institutions matter for enabling action aimed at mitigation or adaptation to the climate change?; and (ii) what financial instruments are available to governments in addition to own resources to address climate change challenges? This policy note aims to present them with advice on how to achieve greater access to international financing or co-financing of projects supporting renewable and alternative energy generation for transport, agriculture, housing, preservation of unique ecosystems, and other projects supporting sustainable development. This policy note describes the climate challenges facing the LAC region and then discusses the various climate financing flows. It discusses the factors affecting LAC countries' access to climate financing, and how countries can apply to several of the principal global and regional climate funds. The objective is to disseminate knowledge that will help governments of all LAC countries, and particularly finance ministries, understand and access new climate funds and financing mechanisms. The policy note consists of three parts: part one reviews the global landscape of the climate change financing for mitigation and adaptation and emerging trends, identifies various financial instruments, and presents an overview of the LAC's share of available finances from several public financing sources, both bilateral and multilateral. Part two reviews two case studies for Bolivia and El Salvador that demonstrate how each of these countries addresses environmental challenges through its policies, institutional systems and involvement of the civil society. Part three includes technical annexes, which represent a compilation of technical information presenting main climate change financial instruments. A list of global and specialized climate funds of possible interest to LAC countries appear in annex one. A complementary list of climate finance instruments appears in annex two, in which climate funds as well as financial tools are named, described, and categorized according to their primary purpose. A more detailed description of several of the largest climate funds including when such funds were founded, their purpose, and eligibility requirements are presented in annex three. Annex four provides a step-by-step description of how to apply to the largest climate funds. Annex five lists the LAC projects that have been supported by Global Environment Facility (GEF) by country.
en
dc.identifier
http://documents.worldbank.org/curated/en/2013/06/17939143/latin-america-accessing-international-climate-change-related-finance-latin-america-caribbean
dc.identifier.uri
http://hdl.handle.net/10986/16073
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCREDITATION
dc.subject
ADVANCED ECONOMIES
dc.subject
ADVERSE EFFECTS OF CLIMATE CHANGE
dc.subject
AGRICULTURE ORGANIZATION
dc.subject
ALLOWANCES
dc.subject
ALTERNATIVE ENERGY
dc.subject
APPLICATION PROCESS
dc.subject
ATMOSPHERIC CONCENTRATION
dc.subject
AWARENESS OF CLIMATE CHANGE
dc.subject
CAPITAL INVESTMENTS
dc.subject
CAPITAL MARKET
dc.subject
CARBON
dc.subject
CARBON CREDITS
dc.subject
CARBON EMISSIONS
dc.subject
CARBON EMISSIONS FROM DEFORESTATION
dc.subject
CARBON FINANCE
dc.subject
CARBON MARKET
dc.subject
CARBON MARKETS
dc.subject
CARBON NEUTRAL
dc.subject
CARBON OFFSET
dc.subject
CARBON OFFSETS
dc.subject
CARBON TAXES
dc.subject
CERTIFIED EMISSIONS REDUCTIONS
dc.subject
CHEMICALS
dc.subject
CLEAN DEVELOPMENT MECHANISM
dc.subject
CLEAN ENERGY
dc.subject
CLEAN ENERGY TECHNOLOGIES
dc.subject
CLEAN TECHNOLOGY
dc.subject
CLIMATE
dc.subject
CLIMATE ACTION
dc.subject
CLIMATE CHANGE
dc.subject
CLIMATE CHANGE ACTIVITIES
dc.subject
CLIMATE CHANGE ADAPTATION
dc.subject
CLIMATE CHANGE CHALLENGES
dc.subject
CLIMATE CHANGE FUND
dc.subject
CLIMATE CHANGE FUNDS
dc.subject
CLIMATE CHANGE MITIGATION
dc.subject
CLIMATE CHANGE PROBLEMS
dc.subject
CLIMATE CHANGE PROGRAM
dc.subject
CLIMATE CHANGE RESEARCH
dc.subject
CLIMATE CHANGE STRATEGY
dc.subject
CLIMATE FACTORS
dc.subject
CLIMATE INITIATIVE
dc.subject
CLIMATE INVESTMENT
dc.subject
CLIMATE MITIGATION
dc.subject
CLIMATE POLICY
dc.subject
CLIMATE RESILIENCE
dc.subject
CLIMATE SPECIALISTS
dc.subject
CLIMATE-CHANGE
dc.subject
CLIMATE-RELATED DISASTERS
dc.subject
CO
dc.subject
CO2
dc.subject
COLORS
dc.subject
CONCEPTUAL FRAMEWORK
dc.subject
COSTS OF CLIMATE CHANGE
dc.subject
CPI
dc.subject
DEBT
dc.subject
DEFORESTATION
dc.subject
DEMAND FOR ENERGY
dc.subject
DEMOGRAPHICS
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPMENT ASSISTANCE
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT BANKS
dc.subject
DISASTER PREVENTION
dc.subject
DNA
dc.subject
DOMESTIC SOURCES
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIES OF SCALE
dc.subject
ECOSYSTEM
dc.subject
ELIGIBILITY CRITERIA
dc.subject
EMISSION
dc.subject
EMISSION REDUCTION
dc.subject
EMISSION REDUCTION POTENTIAL
dc.subject
EMISSION REDUCTION TARGETS
dc.subject
EMISSION REDUCTIONS
dc.subject
EMISSION TRADING
dc.subject
EMISSION-REDUCTION
dc.subject
EMISSIONS
dc.subject
EMISSIONS FROM DEFORESTATION
dc.subject
EMISSIONS REDUCTION
dc.subject
ENERGY CONSUMPTION
dc.subject
ENERGY EFFICIENCY
dc.subject
ENERGY SECURITY
dc.subject
ENVIRONMENTAL
dc.subject
ENVIRONMENTAL ECONOMICS
dc.subject
ENVIRONMENTAL IMPACTS
dc.subject
ENVIRONMENTAL ISSUES
dc.subject
ENVIRONMENTAL MANAGEMENT
dc.subject
ENVIRONMENTAL POLICIES
dc.subject
ENVIRONMENTAL POLICY
dc.subject
ENVIRONMENTAL PROBLEMS
dc.subject
ENVIRONMENTAL REGULATION
dc.subject
ENVIRONMENTAL TAXATION
dc.subject
ENVIRONMENTAL TAXES
dc.subject
EQUITY INVESTMENTS
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPOSURE TO CLIMATE CHANGE
dc.subject
EXTREME CLIMATE EVENTS
dc.subject
EXTREME WEATHER
dc.subject
FIDUCIARY STANDARDS
dc.subject
FINANCE INITIATIVES
dc.subject
FINANCIAL CHALLENGES
dc.subject
FINANCIAL INCENTIVES
dc.subject
FINANCIAL INSTRUMENTS
dc.subject
FINANCIAL INTERMEDIARY
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL RESOURCES
dc.subject
FINANCIAL RISK
dc.subject
FINANCIAL TOOLS
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREST
dc.subject
FOREST CARBON
dc.subject
FOREST CARBON STOCKS
dc.subject
FOREST DEGRADATION
dc.subject
FOREST INVESTMENT
dc.subject
FOREST RESOURCES
dc.subject
FORESTRY
dc.subject
FORESTS
dc.subject
FRAMEWORK CONVENTION ON CLIMATE CHANGE
dc.subject
FUNDING SOURCES
dc.subject
GHG
dc.subject
GHGS
dc.subject
GLOBAL CLIMATE
dc.subject
GLOBAL ENVIRONMENT FACILITY
dc.subject
GLOBAL ENVIRONMENTAL FACILITY
dc.subject
GLOBAL GREENHOUSE GAS
dc.subject
GLOBAL WARMING
dc.subject
GOVERNMENT POLICY
dc.subject
GREATER ACCESS
dc.subject
GREENHOUSE
dc.subject
GREENHOUSE GAS
dc.subject
GREENHOUSE GAS EMISSIONS
dc.subject
GROSS NATIONAL INCOME
dc.subject
INEQUALITY
dc.subject
INNOVATIVE FINANCING
dc.subject
INSTITUTIONAL INVESTORS
dc.subject
INSURANCE
dc.subject
INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL FINANCE
dc.subject
INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject
INTERNATIONAL FOREST CARBON
dc.subject
INVESTMENT BANK
dc.subject
ISLAND ECONOMIES
dc.subject
LAND DEGRADATION
dc.subject
LAND USE
dc.subject
LAND USE CHANGE
dc.subject
LINES OF CREDIT
dc.subject
LOW-CARBON
dc.subject
METHANE
dc.subject
MITIGATION OF CLIMATE CHANGE
dc.subject
MONETARY FUND
dc.subject
MULTILATERAL FINANCIAL INSTITUTIONS
dc.subject
N2O
dc.subject
NATIONAL CLIMATE
dc.subject
NATIONAL CLIMATE CHANGE
dc.subject
NATIONAL INCOME
dc.subject
NATURAL RESOURCES
dc.subject
ODS
dc.subject
OFFSET CREDITS
dc.subject
OIL
dc.subject
OZONE
dc.subject
PENSION FUNDS
dc.subject
PEOPLES
dc.subject
POLLUTERS
dc.subject
POLLUTION
dc.subject
PORTFOLIO
dc.subject
PP
dc.subject
PRIVATE EQUITY
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE INVESTORS
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC POLICY
dc.subject
RAINFALL
dc.subject
RECYCLING
dc.subject
REDUCING EMISSIONS
dc.subject
REGIONAL CLIMATE
dc.subject
REGIONAL CLIMATE PROJECTIONS
dc.subject
REGULATORY FRAMEWORK
dc.subject
RENEWABLE ENERGY
dc.subject
RENEWABLE ENERGY SOURCES
dc.subject
RESOURCE ALLOCATION
dc.subject
RESOURCE USE
dc.subject
SCIENTIFIC RESEARCH
dc.subject
SOURCES OF FINANCE
dc.subject
STRATEGIES FOR CLIMATE CHANGE
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
SUSTAINABLE MANAGEMENT
dc.subject
TECHNOLOGICAL CHANGE
dc.subject
UNEP
dc.subject
UNION
dc.subject
VULNERABILITY TO CLIMATE CHANGE
dc.subject
WASTE MANAGEMENT
dc.subject
WIND
dc.title
Accessing International Climate Change Related Finance in Latin America and the Caribbean
en
okr.crosscuttingsolutionarea
Climate Change
okr.date.disclosure
2013-06-28
okr.doctype
Economic & Sector Work :: Other Financial Sector Study
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2013/06/17939143/latin-america-accessing-international-climate-change-related-finance-latin-america-caribbean
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Transport and ICT
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000442464_20130628142906
okr.identifier.internaldocumentum
17939143
okr.identifier.report
ACS4431
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/28/000442464_20130628142906/Rendered/PDF/ACS44310ESW0wh00Box377363B00PUBLIC0.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Latin America
okr.sector
Public Administration, Law, and Justice :: Central government administration
okr.theme
Public sector governance :: Public expenditure, financial management and procurement
okr.theme
Environment and natural resources management :: Climate change
okr.topic
Science and Technology Development :: Science of Climate Change
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
okr.topic
Macroeconomics and Economic Growth :: Climate Change Economics
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Environmental Economics and Policies
okr.unit
Public Sector (LCSPS)
okr.volume
1 of 1

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