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Canada’s Total Climate Finance Contribution:
$1,500,000 CAD
- 2011 to 2012: $1,500,000 CAD
Targeted Countries:
Peru
Funding Period: 2011 to 2012
Type of Support:
Cross-cutting
Delivery Partner(s):
Description
The Canadian Climate Fund for the Private Sector in the Americas (C2F) at the Inter-American Development Bank (IDB) provided support to infrastructure expansion, investment in equipment, and creation of student loan fund for the Universidad San Ignacio de Loyola (USIL) in Peru. Founded in 1995 and headquartered in Lima, Peru, USIL is a socially inclusive private university that serves approximately 12,000 students and employs 2,300 academic and administrative staff. Approximately half of USIL’s students are women and approximately one quarter are young working adults. The project enables USIL to invest in low-carbon energy efficient building design and equipment in the construction of new campus facilities. These facilities will support improved access to quality higher education and broaden the socio-economic profile of the university’s student population to an additional 25,000 students. Canada’s contribution to this project supports the incorporation of more sustainable design and technologies in the university’s construction plans.
Results/Expected Outcomes
Canada’s investment in this project has facilitated the incorporation of more environmentally sustainable building design, through the Leadership in Energy and Environmental Design (LEED) certification process. To date, the project has made substantial progress on the construction of its Lima Norte campus building in Peru.
The expected intermediate outcomes of the project include pursuing LEED Gold certification for the Lima Norte building, which is expected to be one of the first LEED certified buildings in higher education in Peru and the first one achieving LEED Gold. As a result of the project, annual water savings of 43 percent and annual energy savings of 26 percent are both expected. It is also expected that the project will abate 600 metric tons of CO2 emissions per year.
Co-Financing/Mobilized Finance ($CAD):
$77,500,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
600