IATI Report on UK-PACT Project - Colombia
Scaling up Green Finance and establishing building blocks for scalable and low-carbon investments in Colombia
March 2021 to March 2022
With funding provided by BEIS (UK Government Business, Enterprise & Industrial Strategy Dept.) under the UK-PACT Programme
<Project still in progress>
This project focused on helping government institutions in Colombia raise capital for sustainable projects. The results of the project provide them with the necessary support and tools to implement the National Taxonomy. In addition, having the necessary financial instruments to attract green investments to the country to finance green projects is key to contributing to the reduction of emissions. Green bonds and other green financial instruments and funds can enable emerging markets to attract more consistent investment from international debt capital markets. The project and the assets that are financed with proceeds from green bonds can accelerate the implementation and monitoring of the NDC. Building the capacities and skills base of policymakers and relevant stakeholders is therefore central to successfully transitioning to a new social and economic model that will be climate-neutral, resilient, sustainable, and inclusive.
IATI Report on UK-PACT Project - Colombia
Scaling up Green Finance and establishing building blocks for scalable and low-carbon investments in Colombia
July 2019 to Decembert 2020
With funding provided by BEIS (UK Government Business, Enterprise & Industrial Strategy Dept.) under the UK-PACT Programme
While Colombia has made commitments to reducing emissions under the Paris Agreement, emissions continue to rise due to rapid deforestation, increasing population and a high proportion of energy from fossil fuels. The project will enhance local capability to develop financial schemes to support green projects at the national, city and private-sector level. The project will implement the recommendations provided in the Colombia roadmap to facilitate better understanding and identification of a green pipeline of assets and develop financial instruments to unlock capital flows. With a new government in place, there is also an opportunity to catalyse sustainable areas of economic growth attracting.
IATI Report on UK-PACT Project - China
Sustaining Growth of China’s Green Bond Market and Facilitating Inter-Country Green Capital Flows
February 2019 to Sept 2020
With funding provided by BEIS (UK Government Business, Enterprise & Industrial Strategy Dept.) under the UK-PACT Programme
China faces vast investment needs - RMB 2-4 trillion annually - for transition to a low-carbon, climate resilient economy. Harmonising green definitions and green bond standards are key for China to attract overseas green capital, which is addressed in this project.
China's green bond market has begun to deepen. China has a vast territory, where the economic development of each region is uneven with own characteristics. The development of local green bond markets needs to align with local economic conditions and urban development plans, and with China's environmental policies. This project has aimed to scale up local green bond issuance to support the prevention and control of air, water and soil pollution as an effort to improve the climate resilience of the ecosystem.