Canadian Climate Fund for the Private Sector in the Americas
The Government of Canada proudly supports climate change initiatives in Latin America and the Caribbean that focus on renewable energy, energy efficiency, reducing greenhouse gas emissions, and that help countries adapt to the adverse impacts of climate change.
In 2012, Canada announced the Canadian Climate Fund for the Private Sector in the Americas, as part of Canada’s $1.2 billion package of fast-start climate change financing. Canada provided $250 million to the Inter-American Development Bank to encourage and support private sector investment in climate change projects. Projects supported by the Fund include wind, solar, geothermal and hydro projects and support agriculture, forestry, and adaptation measures such as reforestation, soil sequestration and climate resilient infrastructure.
It is anticipated that the Climate Fund for the Private Sector in the Americas will leverage up to US $5 billion in commercial investment and help to reduce greenhouse gas emissions by up to 50 million tonnes over the Fund’s 25-year life. This is one of many efforts representing a whole of government approach to climate change that is consistent with Canada's Strategy for Engagement in the Americas, and that includes participation from Environment Canada, Finance Canada, as well as the Department of Foreign Affairs, Trade and Development.
For more information on Canada’s support to climate change projects and initiatives in Latin America and the Caribbean, please visit the website.
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