The project is funded by the International Climate Initiative (IKI) of the German government and implemented by SouthSouthNorth (lead), NewClimate Institute and local partner institutions in the target countries Brazil (Federal University of Rio de Janeiro/COPPE), Argentina (Fundacion Torcuato Di Tella) and Peru (Libelula).
The aim of the project is to create the enabling conditions to make finance flows consistent with low-carbon development pathways in the three Latin American countries and to create an improved policy and regulatory framework to mobilise the investments needed to achieve the long-term goals of the Paris Agreement. In order to decarbonise countries’ investment portfolios, the project identifies necessary changes and potential improvements to the current policy and regulatory framework (Output 1) and develops strategic low-carbon sector investment portfolios and plans (Output 2) that are based on public-private multi-stakeholder dialogues. The multi-stakeholder groups benefit from regional communities of practice that are set-up under the project to exchange experiences, knowledge and opportunities for climate investments and to promote peer-to-peer learning (Output 3). With the aim of improving the cost-efficiency and effectiveness of the decarbonisation of investment portfolios in the region and globally, the project generates an evidence base, supports peer-to-peer learning, and systematically and effectively shares lessons emerging from the three partner countries (Output 4).