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Canada’s Total Climate Finance Contribution:
$50,000 CAD
- 2010 to 2011: $50,000 CAD
Targeted Countries:
Honduras
Funding Period: 2010 to 2011
Financial Instrument:
Concessional Loan
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Programme provided support to the Lebanese Leasing Company (LLC) to help finance the leasing of energy efficiency and renewable energy equipment, particularly for small and medium businesses.
The IFC-Canada Climate Change Programme provided advisory services to support the Banco Atlantida, or Bancatlan for financing small-scale renewable-energy, energy-efficiency, and cleaner-production projects.
Results/Expected Outcomes
This project is expected to: (i) address climate change by reducing GHG emissions through the use of alternative energy sources and cleaner technologies; (ii) help transform the energy matrix and reduce dependency on volatile imported fuel prices and subsidies for costly thermal energy power sources; (iii) improved access to more reliable and less costly sources of energy; and, (iv) facilitate the transfer of modern production techniques to Honduras which may be followed by new entrants into the sector.