The Inter-American Development Bank (IDB) approved a loan of $25 million to help Peru consolidate its climate change program. The programmatic loan will support policy for the reduction of Greenhouse gas emissions, the reduction of vulnerabilities and adaptation to the effects of climate change.
The program is expected to consolidate the institutional and regulatory framework, to mainstream climate change in development planning and investment, to build capacity in the lead institutions and develop standardized management tools.
An example is Peru’s Risk Management and Climate Change Adaptation Plan in the Agricultural Sector 2012-2021 (PLANGRACC-A), which will channel $704 million for climate research and information, emergency response, risk reduction, planning, and capacity building projects throughout the country.
Read more by HS News Staff →