“The co-benefits of energy efficiency: driving the market in Latin America and the Caribbean”
TOPICS: Energy efficiency, green finance, national development banks, SMEs, sustainable development
This webinar “Co-benefits of energy efficiency: driving the market in Latin America and the Caribbean” is organized by CDKN in collaboration with the IDB and CARBON TRUST, on April 19th at 10:00 a.m. – 11:00 p.m. Am (Bogotá / Lima / Quito).
The key role of Energy Efficiency (EE)
Energy plays a key role in the economic performance of any company and its efficient use represents an opportunity for SMEs to strengthen their production processes, increase their competitiveness and promote their modernization, save money and have a positive impact In the environment through the reduction of greenhouse gases (GHG).
Energy efficiency can play a major role in reducing the impact of the growth of energy demand in the LAC region and in providing a number of multiple benefits such as reduced energy costs and demand in different sectors Buildings, hotels, hospitals, clinics, agro-industrial sector, etc., increase the productivity and competitiveness of SMEs, improve employment and reduce GHG emissions.
In the Latin American and Caribbean region, SMEs are a vital economic force for the region as they represent a diversity of productive activities and constitute an essential source of employment, promoting competitiveness and sustainable growth in the region. Energy efficiency is a challenge and of vital importance for SMEs in this region as energy efficiency activities enable significant savings in energy costs.
As the International Energy Agency (IEA) pointed out, energy efficiency is the most important element to keep the door open to the agreed target of 2 ° C globally until 2020, without any net economic cost. In that sense, the Paris Agreement sets in motion a process of transformation and innovation in the world economy to mitigate climate change and mitigate its impacts.
That is why financing plays a crucial role in accelerating and expanding the availability of resources for climate action and among them to accelerate energy efficiency. Financial institutions, in particular national development banks, will have a crucial role to play in implementing the Agreement by enabling countries to meet their national contributions through their investment plans, to benefit from the opportunities that economic transformations create, to access Climate finance for adaptation and mitigation, and reduce climate hazards, especially those associated with the emerging risks of assets abandoned by the full replacement of fossil fuels in global energy systems.
This webinar will present some examples of innovative instruments and programs to address the financing of energy efficiency projects and programs in Latin America and the Caribbean. Specifically, practical examples will be presented as implemented in LAC through the ESI Program managed by the Inter-American Development Bank (IDB) Division of Connectivity, Markets and Finance (CMF) in different countries of the region such as Colombia, Mexico and El Salvador, among others. We will then address the project funded by CDKN and implemented by Carbon Trust and partners in Peru on the identification of energy efficiency measures in SMEs in the country.
- Introduction. María José Pacha. Knowledge management and networks coordinator. Alianza Clima y Desarrollo (CDKN).
- Energy efficiency in Latin America: challenges and opportunities (speaker tbc).
- The ESI Program as an innovative instrument to promote financing of energy efficiency and overcome existing barriers in the region. Esteban Suárez, ESI Program Regional Coordinator, Connectivity, Markets and Finance (CMF), Inter-American Development Bank (IDB).
- Promotion of energy efficiency and sustainability in SMEs in Peru. Ana Muñoz, Carbon Trust
- Panelist comments: Alan Viale. Efizity.
- Q&A session.