CAF Climate Programme, Phase II

active

The project is the second phase of the climate program with the CAF (stock audit). A low-interest loan of up to EUR 150 million or the equivalent in USD is to be granted to the regional development bank Corporación Andina de Fomento (CAF). The CAF will use these funds to finance private and public investments in the sectors in South and Central America promoted by the Initiative for Climate and Environmental Protection (IKLU). Investments are therefore generally possible in the following areas: renewable energies, energy efficiency, industrial environmental protection, energy-saving mobility, ecological development of metropolitan areas and adaptation to climate change. The aim of the project is to meet the growing need for infrastructure in Latin America with climate-friendly solutions. In this way, conditions are created for economic growth and thus for poverty reduction, and a contribution is made to climate and environmental protection. The program is aimed at private and public investors in Latin America. The target group is the population in the implementing regions and, with regard to the climate impact of the project, the global population.