Climate Finance for Resilient Cities in Latin America September 2016
Climate Finance in Latin America and the Caribbean, % for each sector (2003-2014)
Total global climate financing by Multilateral Development Banks in 2014 (in USD Millions) African Development Bank (AfDB)
35
Asian Development Bank (ADB)
30
European Bank for Reconstruction and Development (EBRD) European Investment Bank (EIB)
25
Inter-American Development Bank (IDB)
20
International Finance Corporation (IFC) World Bank (WB)
15 10
Source: EUROCLIMA Thematic Study 7
5
Use of Climate Change Funds in Latin America and the Caribbean (2003-2014)
EUROCLIMA Thematic Study 7: Compendium
0 Forestry Energy generation Multisector Transport and Disaster prevention storage and supply
Water and Agriculture sanitation
Industry
Source: EUROCLIMA Thematic Study 7 Adaptation Mitigation - General Mitigation - REDD+ Mixed approaches
Climate finance in Latin America: international funding, financed measures and country profiles.
Source: EUROCLIMA Thematic Study 7
Strategic areas for urban NAMA finance EUROCLIMA Thematic Study 5: Methodological Guide
MRV system – NAMA for sustainable housing in Mexico
Specialized financial instruments Portfolio of low emissions projects
Public-private partnership
Nationally Appropriate Mitigation Actions in urban areas: successful tools and experiences.
CONAVI Interagency Working Group
Sources of public finance
Coordination
Assessment methodologies for low emissions projects
Housing selection
Energy
Transport
Building and land use planning
Waste
Funding requires an effort in interagency coordination to attract public and private investment. Source: EUROCLIMA Thematic Study 5 (p. 57)
Source: EUROCLIMA Thematic Study 5 (p. 21)
Finance Institutions
Developers
Training in use of the houses
Operation
NAMA Office
NAMA database
Detailed monitoring
MRV Design
Industry and services
Identification data
GHG Monitoring
Implementation Agencies
RUV = Unique Housing Registry
RUV
Supervision
Monitoring protocols
Strategic areas
Main sectors for potential GHG reductions in urban areas
Coordination
National commitment (Biannual reports to UNFCCC)
Monitoring data
End users
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. Source: EUROCLIMA Thematic Study 5 (p. 50)
Two examples of successful finance for resilient cities
EUROCLIMA Thematic Study 6: Compendium European and Latin American experiences in adaptation and mitigation with additional benefits.
Europe: Urban Sustainable Drainage Systems (USDS) –Aquaval Project, Valencia, Spain Infiltration ditches in Xátiva, Valencia, Spain
Latin America: Transit-Oriented Development (TOD) NAMA, Medellín, Colombia
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.
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.
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. Source: EUROCLIMA Thematic Study 6
Urban intervention in Medellín, Colombia
Before
After
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
EUROCLIMA: Science and Policy jointly fighting Climate Change www.euroclima.org Conceptualization: Jan Karremans Data Management: Jan Karremans, Silvia Brugger, Guillermo Dascal Design: Alexandra Cortés (LAEP), Luis Piselli
Twitter: @EUROCLIMA_UE_AL The information contained in this Infographic is responsibility of EUROCLIMA Technical Assistance and does not necessarily reflect the official opinion of the European Union. EUROPEAN UNION