Sustainable Energy and Climate Change Initiative (SECCI)/ IDB

1.      Sustainable Energy and Climate Change Initiative (SECCI)

INVESTORS

The Inter-American Development Bank is the leading provider of development financing to Latin American and the Caribbean. The IDB is owned by its 48 member countries.

The Bank finances its operations by issuing bonds in international capital markets. Since 1962, the Bank has held the highest possible triple-A credit rating. Its financial strength is based on its solid capital base, its conservative investment and lending policies as well as its financial performance and the backing from its member countries.

The Bank offers a wide range of investment options and aims to expand its investor base. The Bank’s bonds have been bought by investors in several regions of the world, including North America, Asia and Europe.

 

SECCI FUNDING

The SECCI Funds were created from funds put forward by the IDB (SECCI IDB fund) and by International Donors (SECCI Multi-Donor Fund: Spain, Germany, Italy, Finland, United Kingdom and Japan). The purpose of the funds is to finance activities under SECCI, aiming at expanding investment in renewable energy and energy efficiency technologies, increasing access to international carbon finance, and the mainstreaming of adaptation to climate change into the policies and programs across sectors in Latin America and the Caribbean (LAC).

 

SECCI

Alternative energy, sustainable agriculture, climate-friendly transportation and climate resilient resource management are just some of the many areas in which the Inter-American Development Bank is leading the way in setting high sustainability standards. These standards are part of the Bank’s commitment of providing countries in Latin America and the Caribbean with the best available technologies and practices to ensure economic viability, social equity, and environmental integrity.

 

The goals of the Sustainable Energy and Climate Change Initiative’ are centered around the provision of comprehensive sustainability options in areas related to the energy, transportation, water and environmental sectors as well as building climate resilience in key priority areas vulnerable to the impacts of climate change. The Initiative consists of four strategic pillars:

 

  • Renewable Energy and Energy Efficiency
  • Sustainable Biofuel Development
  • Access to Carbon Markets
  • Adaptation to Climate Change

 

In 2009 as part of the development and management of the Initiative, the IDB created the Sustainable Energy and Climate Change Unit (ECC).

 

The  Inter-American Development Bank (IDB) announced on April 15, 2010 its intention to boost financing for renewable energy and climate-related projects in Latin America and the Caribbean to US$3 billion a year by 2012.

 

Contact

 

SECCI@iadb.org

IDB Headquarters
1300 New York Avenue, N.W.
Washington, D.C. 20577, USA
Tel: (202) 623-1000
Fax: (202) 623-3096

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