climate finance for resilient cities in latin...

Source: EUROCLIMA Thematic Study 7


Climate Finance for Resilient Cities in Latin AmericaSeptember 2016

EUROPEAN UNION

Strategic areas

Specialized financial

instruments

MRV Design

Public-private partnership

Sources of public finance

Assessment methodologies

for low emissions projects

Portfolio of low emissions

projects

Funding requires an effort in interagency coordination to attract public and private investment.

Source: EUROCLIMA Thematic Study 5 (p. 57)

Strategic areas for urban NAMA finance

CONAVIInteragency

Working Group

GHG Monitoring

NAMA database

NAMAOffice

Detailed monitoring

Implementation Agencies

DevelopersEnd users

Finance Institutions

National commitment

(Biannual reports to UNFCCC)

Monitoring protocols

Housing selection

Training in use of the houses

Monitoring data

Supervision

Identification data

Operation

Coordination

Coor

dina

tion

RUV = Unique Housing Registry

The National Housing Commission (CONAVI) of Mexico has developed a system for Monitoring, Reporting and Verification (MRV) of a project for climate smart housing. This Nationally Appropiate Mitigation Action (NAMA) has received financing and its impact will be measured with two instruments: a simplified system with data on all involved housing units and a more complete system to measure a representative sample of houses.


RUV

MRV system – NAMA for sustainable housing in Mexico

Transport EnergyIndustry

and services

Building and

land use planning

Waste

Main sectors for potential GHG reductions in urban areas


Latin America: Transit-Oriented Development (TOD) NAMA, Medellín, Colombia

This Colombian NAMA aims to construct enduring infrastructure and buildings that will lock in efficient land use and travel patterns. With a focus on the creation of TOD neighbourhoods the project includes high quality services centred on citizens’ needs, such as public transport, housing, employment, leisure, trade and waste management.

Land use is transformed in order to serve multiple purposes (housing, trade, services and public spaces) in certain areas and to allow for an excellent combination of work, education and leisure.

Principal source of financing: multilateral.Source: EUROCLIMA Thematic Study 6

Two examples of successful finance for resilient citiesEurope: Urban Sustainable Drainage Systems (USDS) –Aquaval Project, Valencia, Spain

Problems caused by more frequent and heavier rainfall due to climate change have been alleviated by installing ponds, wetlands, swamps and infiltration ditches. Water is collected from the surface, providing a natural form of pre-treatment.

These systems are much cheaper than conventional drainage systems because they imply few if any installation work, connections, tanks and excavations.

Principal source of financing: LIFE+ Programme of the European Union.


Infiltration ditches in Xátiva, Valencia, Spain

EUROCLIMA Thematic Study 5: Methodological Guide

Nationally Appropriate Mitigation Actions in urban areas: successful tools and experiences.

EUROCLIMA Thematic Study 6: Compendium

European and Latin American experiences in adaptation and mitigation with additional benefits.

Urban intervention in Medellín, Colombia

Before After

EUROCLIMA: Science and Policy jointly fighting Climate Change

www.euroclima.org Twitter: @EUROCLIMA_UE_AL

Use of Climate Change Funds in Latin America and the Caribbean (2003-2014)

AdaptationMitigation - GeneralMitigation - REDD+Mixed approaches

EUROCLIMA Thematic Study 7: Compendium

Climate finance in Latin America: international funding, financed measures and country profiles.


Total global climate financing by Multilateral Development Banks in 2014 (in USD Millions)

African Development Bank (AfDB)

Asian Development Bank (ADB)

European Bank for Reconstruction and Development (EBRD)

European Investment Bank (EIB)

Inter-American Development Bank (IDB)

International Finance Corporation (IFC)

World Bank (WB)

The information contained in this Infographic is responsibility of EUROCLIMA Technical Assistance and does not necessarily reflect the official opinion of the European Union.

Conceptualization: Jan KarremansData Management: Jan Karremans, Silvia Brugger, Guillermo DascalDesign: Alexandra Cortés (LAEP), Luis Piselli

Climate Finance in Latin America and the Caribbean, % for each sector (2003-2014)

Forestry Energy generation and supply

Multisector Transport and storage

Disaster prevention

Water and sanitation

Agriculture Industry0

5

10

15

20

25

30

35

climate finance for resilient cities in latin...

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