CAF, the development bank of Latin America began 2017 with a strong support for energy efficiency and environmental sustainability issues, with a recent support to the housing sector. This leap towards the financing of green energy projects, will stand out this month with a Seminar on Energy and Environment to be held in Buenos Aires on March 16. The meeting will surely highlight a good number of sustainability related projects such as the incorporation of CAF to the Green Climate Fund in June 2016.
The energy theme has also evolved since its active participation in the event “Building Agreements on Sustainable Finance” where ten banks in Ecuador reviewed the theme of sustainability in the framework of one of the conservation treasures, the Galapagos Islands at the end of 2016.
On February the CAF study report was also released and is part of a series of reports titled “Overview of the State of Energy Efficiency in Latin America”, offering solutions to promote the green theme in this country, as well as Strategies to optimize energy resources in the region.
Another activity worth mentioning was the Electric Energy Forum held in Panama where CAF urged participants to improve energy efficiency in the region and in the Isthmus. The Regional Energy Efficiency Program (PREE for its acronym in spanish), promoted by CAF, has also become an important body for cooperation and financing of public policies that enhance the reasonable use of energy.
Energy Efficiency with a Multidimensional Impact on Vulnerable Households in Chile was held in January 2017, a first meeting to socialize the topic of adaptation and implementation of an energy efficiency methodology for vulnerable housing, an experience that is being developed successfully in Argentina and Uruguay with the support of CAF as well. It consists of conducting audits of social housing by trained technicians to identify energy loss and other factors that endanger the health and safety of families. Also worth mentioning here is the continuous training within the institution with Ecobanking Project’s Green Housing Online Course.
This activity was driven even further after closing the Agreement between CAF and the Green Climate Fund, a decision announced by its board in Seoul on June 2016. At that time, Climate Action and Development of Solar Energy Program, also presented by CAF, was the first structured financing project approved by the Green Fund in its history, consisting of nine (9) projects under the Climate Action and Solar Energy Program In the region of Tarapaca. Chile.
These and many other activities, such as the Promoting Sustainable Finances in the South Cone Forum in Chile (with Matías Gallardo and Carolina López from UNEP FI and Mr. Mauricio Velásquez for CAF), were also joined by CLACDS/INCAE’s Ecobanking Project, represented by director Gracia M. Barahona.
For more information, please visit CAF site