The formulation of bankable climate initiatives is one of the main challenges in Latin America to be able to channel existing financial resources. The public sector faces a series of challenges that tend to escape its area of expertise:
How does my project contribute to compliance with the NDCs? Is it politically viable? What bilateral, multilateral and private financing options do I know about? What will its impact be? What will its cost-benefit be? Is it financially viable?
To provide the capacities to our beneficiaries to face these questions, in the EUROCLIMA + programme we started the course “Formulation of bankable projects in sustainable mobility”. Our regional training event will generate capacities for representatives of different levels of governments in Latin America to formulate bankable projects from their planning with a climate perspective.
In this way, the initiatives are intended to be eligible for national and international funding and will enable the implementation of sustainable mobility projects that contribute to the fulfilment of the Nationally Determined Contributions (NDCs) from the transport sector.
“The learning that is achieved through the exchange of experiences among representatives of different Latin American countries and cities is undoubtedly one of the great advantages of this format. We hope that the course will not only contribute to the development of more sustainable mobility projects, but also strengthen the dialogue between Latin American countries and cities about their NDCs, NUMPs and SUMPs and the contributions of the transport sector toward achieving climate change objectives.”Victor Valente, EUROCLIMA+ Urban Mobility Project Manager at GIZ
The course will last 20 weeks. The first session was attended by 39 representatives from different levels of government in countries such as Chile, Panama, Ecuador, Colombia, Peru, Mexico, Uruguay and Costa Rica.
It is organized by GIZ and the Latin American Centre for Competitiveness and Sustainable Development (CLACDS) of the INCAE Business School, under the framework of the EUROCLIMA+ programme, funded by the European Union.
The training programme is divided into three stages:
Among others the training is aimed at staff of partner institutions implementing urban mobility projects in EUROCLIMA+ programmes and C40 Cities Finance Facility and aims to strengthen the capacities of public administration staff as well as other stakeholders involved at national and regional levels in Latin America.
During this first meeting, participants shared their main challenges in promoting sustainable mobility initiatives, what needs to be done and what is being done to address the challenges from their perspective. Among the issues mentioned, financing stands out, specifically when linked to the need to strengthen technical capacities for accessing funding opportunities and preparing bankable mobility projects.
Therefore, at the end of the course, participants will be able to understand the context of international climate finance, its basic concepts, and have an understanding of the overview of the different existing sources of funding for sustainable mobility. In this way, participants will be able to specifically develop a concrete project proposal, analyze the different forms of financing and prepare a process to follow, from their institutions, in advancing the most appropriate option.
The EUROCLIMA+ Project is commissioned by the EU and the German Federal Ministry for Economic Cooperation and Development.