27 Nov '15, 12pm

IDB approves US$450 million finance package for Latin American climate targets

IDB approves US$450 million finance package for Latin American climate targets

A Suniva solar PV rooftop installation in Mexico, the first country to use the Green Bond Facility. Credit: Suniva The Inter-American Development Bank (IDB) has approved US$450 million of financing to initiate an Energy Efficiency Green Bond Facility in the Latin America region. Earlier this month, the Green Climate Fund (GCF), which channels investment for climate initiatives from public and private sectors, announced that the IDB programme would receive up to $217 million in additional funding. The new green bond facility aims to support Latin American and Caribbean countries in achieving their INDC commitments, the carbon reduction pledges being made by countries ahead of next week's COP21 climate talks in Paris. Mexico will implement the programme first, followed by the Dominican Republic, Jamaica, and Colombia. The programme will also contribute to the development of ...

Full article: http://www.pv-tech.org/news/idb-approves-us450-million-fi...

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