-
Canada’s Total Climate Finance Contribution:
$500,000 CAD
- 2010 to 2011: $500,000 CAD
Targeted Regions:
Funding Period: 2010 to 2011
Type of Support:
Cross-cutting
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Channel:
Description
The IFC-Canada Climate Change Program provided support for the development of tools to manage climate risks in climate sensitive sectors. Tools will include a screening process for new investments and their categorization according to level of climate risk, “sectoral manuals” that compile sectoral climate change related risks and mitigation measures, and climate change information specific to a set of pilot countries or regions.
Results/Expected Outcomes
Following a competitive procurement process, consultants have been selected for the targeted sectors of ports and harbors, insurance, and forestry, pulp and paper. The consultancies have developed planned interim deliverables, including material climate indices for each sector. Based on this, a climate research institution was contracted to elaborate values for the indices. With support from Canada, this project is expected to mobilize an additional $500,000 in co-financing from public and private sources.
Additional Finance Mobilized:
($CAD)
$500,000