The objective of the consultancy was to conduct a detailed assessment of the market opportunities the EDGE program aimed to accelerate the development of the Climate Change related business and climate financed market in the LAC region.
The work developed by the consultant consortium in collaboration with the EDGE team consisted of a mapping exercise to identify Climate Change (CC) initiatives in Latin America and the Caribbean in relation to the COP21 summit that enabled IFC to outline Action Plan for the likely Climate Investments.
The mapping exercise sought to provide a map of incentives for business and projects related to climate change adaptation in Latin America and the Caribbean. It provided an overview of how the commitments made by countries in preparation for the COP21 objectives and other climate change scenarios could be used by IFC as a frame of reference for planning future interventions.
To achieve this, Metroeconomica developed a review of the COP21 outcomes and its possible impact to the private sector climate investment enabling environments and addressed key elements that facilitated an exercise for the prioritization and targeting of resources for the IFC strategy team. This was done through workshops and key outcomes were incorporated into a regional Action Plan.
ClientWorld Bank Group, International Finance Corporation (IFC)
SolutionClimate change and energy
Dates02/2016 – 05/2016
LocationAntigua and Barbuda
British Virgin Islands
Saint Kitts and Nevis
Saint Vincent and the Grenadines
Trinidad and Tobago
Turks and Caicos Islands
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