Innovative financial instruments for decarbonization in Latin America
Updated: Oct 18, 2021
Author’s: Margarita Cabrera, Manager Climate Finance Program, Center for Clean Air Policy (CCAP), Jorge Hinojosa, Climate Finance Policy Associate, CCAP and Samantha Youngeun Shin, Climate Finance Policy Intern; CCAP
The 2015 Paris Agreement emphasizes the need for rapid and large-scale transition towards net zero-carbon emissions across all sectors. To achieve climate ambition and full decarbonization in Latin America, receive international climate financing, develop innovative solutions that go beyond traditional financial instruments, and collaborative action among different sectors and stakeholders – that some Latin American countries already begun to adopt - are still more imperative.