Canadian Climate Fund for the Private Sector in the Americas II

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.

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.