Support to the implementation of the Program to Support the Energy Transition

The overall objective is to support the decarbonization of the Colombian economy by accelerating the financing of TEJ projects and strengthening the capacities and instruments of the FDN that contribute to their eventual access to the thematic green capital markets on the necessary scale. The specific objectives are: (i) to increase financing for both FNCER projects in the SIN and the ZNI as well as for the scaling of enabling technologies for their deployment, to contribute to the fulfillment of the sectoral decarbonization goals; (ii) to strengthen the technical capacities of the FDN for the identification, design and management of climate project portfolios; and (iii) to improve the climate MRV capabilities of the FDN to contribute to national climate reporting efforts and support eventual green debt issuances.

Project Detail

Country

Colombia

Project Number

CO-G1056

Approval Date

November 13, 2024

Project Status

Implementation

Project Type

Investment Grants

Sector

ENERGY

Subsector

LOW-CARBON ENERGY TECHNOLOGIES

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,400,000.00

Country Counterpart Financing

Original Amount Approved

USD 1,400,000.00

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