CAF announced at COP29 in Baku that 35% of its operations will be green by 2024, which is a milestone on its path to becoming the green bank of the region. With these resources, the institution is focusing its efforts on increasing the climate resilience of infrastructure projects, promoting the energy transition, improving water and sanitation systems, achieving low greenhouse gas emission growth, and strengthening the conservation of natural ecosystems and biodiversity.
“We are making progress in our goal of becoming the green bank of Latin America and the Caribbean from different fronts. On the one hand, by increasing the financing of biodiversity protection projects and climate change adaptation and mitigation, and on the other hand, by improving the quality of our projects to incorporate the green components necessary for environmental sustainability. All of this is contributing to providing Latin American and Caribbean solutions to overcome the global environmental crisis,” said Alicia Montalvo, CAF’s Climate Action and Positive Biodiversity manager.
These are the financial commitments that CAF has made in the last three years:
Climate action and biodiversity
Ocean protection
Adaptation and risk management in the face of natural disasters
Comprehensive work in the Amazon
Program to preserve the region’s biodiversity
