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Canada’s Total Climate Finance Contribution:
$52,200 CAD
- 2010 to 2011: $52,200 CAD
Targeted Countries:
Honduras
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program financed advisory services to support a local bank in Honduras to develop its capacity to identify, analyze, and finance small-scale renewable energy projects. Project activities include developing internal procedures for sustainable energy projects, including the implementation of an environmental and social framework for renewable energy projects, training the bank’s staff on sustainable energy finance, and establishing alliances with sustainable energy experts and consultants.
Results/Expected Outcomes
This project has been completed. The project supported the local bank in formalizing and establishing a project finance unit focused on renewable energy projects, including the development of policies and procedures which have been approved and operationalized. The project provided training sessions to help increase bank officers’ know-how on renewable energy.
Co-Financing/Mobilized Finance ($CAD):
$47,800