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Canadian Climate Fund

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Overview

The purpose of the funds is to catalyze greater private investment in climate change mitigation and adaptation projects in Latin America and the Caribbean by providing concessional financings to projects that do not benefit from a sovereign guarantee, paying special attention, where possible, to the poorest and most vulnerable countries.


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L’objectif des fonds est de mobiliser l’investissement privé dans les projets d’atténuation et d’adaptation au changement climatique en Amérique Latine et dans les Caraïbes ne bénéficiant pas de garanties souveraines, au travers de ressources concessionnelles, au bénéfice en particulier des pays les plus pauvres et vulnérables. 

PHASE I

CAD $250 million

PHASE II

CAD $223.5 million

INVESTMENT PERIOD

March 31st, 2019 to March 31st, 2024

Areas of Focus

The main areas of focus are renewable energy generation and storage, energy efficiency, sustainable transportation, greenhouse gas emission reduction and abatement projects, including forestry, agriculture and land-use changes, as well as other projects supporting the adaptation to climate change vulnerabilities. The funds have a cross-cutting focus on the empowerment of women and girls.

The funds are expected to leverage up to US$3 billion in investments resulting in up to 40 million tons of greenhouse gas (GHG) emissions reductions, over their 25-year tenor.


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Les secteurs prioritaires des fonds sont les énergies renouvelables, le stockage d’énergie, l’efficacité énergétique, les transports écologiques, les projets agro-forestiers de réductions d’émissions de gaz a effet de serre, et les projets de résilience au changement climatiques.

Les fonds prévoient de mobiliser à hauteur de 3 milliards de dollars US d’investissement, avec pour résultat de réduire jusqu’à 40 millions de tonnes équivalent CO2 au long des 25 ans de vie des fonds.

LIST OF ALL INVESTMENTS (UPDATED JUNE 30, 2022)

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Recent Commitments

Blogs and News

News

20 Dec 2022

IDB Invest and Finland Launch Blended Finance Climate Fund in Latin America and the Caribbean

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Blog

08 Feb 2023

Integrating Green Finance Into the Core Business of Financial Institutions

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News

11 Nov 2022

IDB Invest’s White Paper Calls for Rapid Rise in Climate Adaptation Financing

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Blog

14 Dec 2022

Adaptation, the Climate Opportunity for the Private Sector

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Matthieu

Pegon

Head for Blended Finance
About
Meet The Expert:

Matthieu leads the Blended Finance Team at IDB Invest, which he joined in 2017. He is responsible for managing concessional resources that are invested in transformational projects where risks are too high for commercial finance alone. He is the IDB Group’s focal point for blended finance issues.

Before joining the IDB Group, Matthieu worked as Structured Finance Senior Specialist for the Green Climate Fund, the largest multilateral climate finance fund. He also worked at BNP Paribas as Vice President in Structured Debt Capital Markets with a focus on Latin America and the Caribbean.

Matthieu earned a master’s degree and a bachelor's degree in finance from Grenoble École de Management (France).

Contact: matthieup@idbinvest.org
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