Key players meet in Lima to boost climate finance
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The meeting brought together representatives of the public sector, companies, investors, academia and entrepreneurs to strengthen the ecosystem that allows scaling climate projects and green businesses in the country.
The meeting “Strengthening the ecosystem of climate solutions and green business in Peru.”, organized by Dragonfly and nexos+1, The event brought together representatives of the public sector, companies, investors, entrepreneurs, academia and international cooperation with the aim of strengthening coordination among key actors and promoting the financing of climate projects in the country.
The event, held at the University of Engineering and Technology (UTEC), marked the closing of the program Climate Finance Accelerator (CFA) in Peru, The United Kingdom Government's initiative seeks to accelerate the development of climate projects with investment potential and facilitate their access to financing.
The main challenges for mobilizing capital for climate solutions were discussed during the day. In his presentation on the global climate finance landscape, Laura Rizzotto, The global leader of the Climate Finance Accelerator, noted that climate finance has reached US$ 1.9 trillion in 2023, of which US$ 1 trillion from private financing, The company's public funding for the first time exceeded that of the public sector.
However, he explained that the investment gap remains significant. To meet global climate objectives, it will be necessary to mobilize between US$ 7 and US$ 11 trillion per year by 2030, This demonstrates the need to strengthen the ecosystems that connect innovative projects with financing.
During the opening of the meeting, the Ambassador of the United Kingdom in Peru, Su-Lin Garbett-Shiels, The Minister stressed the importance of strengthening international cooperation and promoting initiatives to accelerate the development of climate solutions in the country.
“Climate challenges require collective responses. Spaces like this allow us to connect projects, financing and knowledge to accelerate solutions to climate change”, noted Maria Paz Cigaran, leader of the Climate Finance Accelerator in Peru and founding partner of Libélula.
Regional experiences and collaborative work
One of the highlights of the meeting was the panel on “Strengthening the climate solutions ecosystem.”, where specialists from Mexico, Colombia and Brazil shared experiences on how to mobilize financing for climate projects and strengthen innovation ecosystems in Latin America.
The panelists emphasized the importance of aligning public policies, private investment and project development, and the role of the private sector in driving climate solutions within their value chains.
During the second part of the meeting, the participants worked on Climate Challenge Labs, The event was a collaborative space in which companies, universities, climate projects and investors analyzed ecosystem barriers and explored opportunities to improve the connection between projects, financing and technical capabilities.
The laboratories made it possible to identify common challenges and generate proposals to strengthen coordination among stakeholders, improve the preparation of climate projects and facilitate their access to investment.
“Climate finance does not depend on investors alone; it requires an ecosystem that connects innovation, entrepreneurship, business and public policy.”, noted Alicia Medina Valdiviezo, The Climate Finance Accelerator's national coordinator in Peru.
The meeting concluded with a call to continue strengthening collaboration between the public sector, private sector, academia and the entrepreneurial ecosystem to accelerate the development of climate solutions and green businesses in the country.
Libélula and nexos+1 work in the generation of alliances and multi-stakeholder articulation spaces that connect innovation, climate projects and financing, promoting solutions to climate challenges.
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