The Canadian Facility for the Extractives Sector (CANEF) supports the promotion of innovative and sustainable solutions for challenges in the extractives sector in Latin America and the Caribbean (LAC) that contribute to social, environmental and economic sustainability. In that sense, the objective of this project is to support the regulation, monitoring, and technology development of the hydrocarbon industry in the region in the context of the CANEF mission and vision of innovation and sustainability. The specific objectives of this project are (1) to support the capacity of regulatory agencies and institutions of hydrocarbon extraction; (2) identify and recommend available technologies that enhance resource extraction considering environmental vulnerabilities; (3) identify innovative financial and operational mechanisms that reduce the environmental impact of hydrocarbon extraction; and (4) monitor the regional hydrocarbon market in terms of economics, technology, regulatory practices, and environmental aspects of exploration, transportation, commercialization and consumption.
|Subsector||ENERGY-NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES|
|Project Type||Technical Cooperation|
|Environmental and Social Impact Category||C|
|Approval Date||OCT 24, 2016|
|Contract Signature Date||OCT 24, 2016|
|IDB Financing *||0.55|
|Total Cost H||USD 550,000|
|Financing Type||Non-Reimbursable Technical Cooperation|
|Reporting currency||USD - United States Dollar|
|Reporting Date||NOV 30, 2017|
|Undisbursed Amount H||USD 398,672|
|Disbursed to Date R||USD 151,328|
Project documents are not available for this project or are only available in another language
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