Fast-Tracking Climate-Smart Solutions
Long-term financing options that provide both high risk tolerance and low costs are limited in today’s market. To remove these obstacles, significant financial innovation is needed.
The IDB and the government of Canada partnered to establish the Canadian Climate Fund for the Private Sector in the Americas (C2F). The first of its kind for the region, the US$250 million fund aims to catalyze private sector investments in climate change mitigation and adaptation across the region.
Through this fund, Canada and the IDB plan to leverage up to US$5 billion in private sector investments and reduce greenhouse gas emissions (GHG) by up to 50 million metric tons over the fund’s 25-year life.