| Project Detail |
Invest for Climate (IN4C) aims to mobilize public and private investments for climate smart initiatives that support Colombias climate goals.
Climate change is reshaping our world, driving long-term temperature shifts and weather patterns. In Colombia, despite a robust policy framework and ambitious Nationally Determined Contributions goals, the impact is undeniable: extreme weather events are inflicting economic and environmental losses and undermining the social and economic fabric of communities.
USAID’s Invest for Climate Activity (IN4C) builds on over a decade of USAID/Colombia programming. IN4C aims to establish Colombia as a global leader in climate finance seeking to transform the markets and financial systems to integrate valuation of natural systems, climate risk management, and emissions reduction goals in investments. Targeting regions and corridors with the highest potential for greenhouse gas (GHG) reductions and climate adaptation, IN4C will focus on areas with significant emissions, including agriculture, forestry, and other land use (AFOLU) projects, and on promising opportunities for clean energy. IN4C will use a market-based approach to harness climate finance from both public and private sectors spurring investments and mitigating the lending risks for financial institutions and non-financial organizations involved in climate initiatives. Further, the activity will focus on fostering an enabling regulatory environment that facilitates investment in climate-smart projects.
This activity will expand USAID’s work to mobilize finance for businesses and projects that reduce AFOLU GHG emissions; promote clean energy, enhance climate resilience, and reduce vulnerability, while promoting local economic and social development in Colombia.Project Goals
Mobilize and leverage $450 million for climate.
Mobilize $75 million in investment for climate-smart projects and businesses.
Reduce, remove, or avoid at least 20 million tons of GHG emissions through climate-smart projects and businesses.
Support the adoption and implementation of laws, policies, regulations, and standards that enable climate finance. |
