IDEAS home Printed from https://ideas.repec.org/p/col/000124/020332.html
   My bibliography  Save this paper

Hoja de ruta que conecte cada una de las acciones y objetivos de la NDC con fuentes de financiación públicas y privadas; incluyendo para cada acción, barreras, oportunidades y recomendaciones

Author

Listed:
  • Juan Benavides
  • Ximena Cadena
  • Martha E. Delgado-Rojas
  • Helena García
  • María C. García

Abstract

La hoja de ruta, a partir de un diagnóstico de barreras de mitigación y necesidades de adaptación, especifica las funciones institucionales que se deben llenar para escalar la financiación climática; propone medidas transversales, complementarias y para avanzar en financiación; y presenta la secuencia de medidas entre 2024 y 2030. Para ello, la hoja de ruta está organizada en dos grandes bloques de propuestas. El primer bloque es el Trípode Institucional e incluye potenciar la capacidad de orquestación (coordinación), crear una facilidad pública de estructuración de proyectos, e instituir un fondo de blended finance. El segundo bloque sobre Avances en Financiación, Transversales y Complementarios contempla robustecer el Sistema MRV, aplicar la Taxonomía Verde, fortalecer capacidades internas públicas, definir el modelo de financiación climática pública para mitigación y adaptación, promover instrumentos para reducir la brecha entre oferta y demanda de financiamiento climático, priorizar la construcción de carteras en segmentos de alto impacto en mitigación y adaptación y establecer condiciones habilitantes para segmentos de alta complejidad, y adoptar una política de gestión de riesgos de adaptación. ****** Abstract : The road map, based on an assessment of mitigation barriers and adaptation needs, specify the institutional functions that must be filled to scale-up climate finance; proposes actions to advance in financing, cross-sectional and complementary; and present the action sequence between 2024 and 2030. For this purpose, the road map is organized in two big sets of proposals. The first set is the Institutional Tripod (Trípode Institucional) and includes enhancing the orchestration (coordination) capacity, creating a public facility to structure projects, and instituting a blended finance fond. The second set is about actions to Advance in Financing, Cross-sectional and Complementary considers reinforcing the Sistema MRV, applying the Green Taxonomy, strengthening internal public capacities, defining the public climate finance model for mitigation and adaptation, promoting instruments to reduce the gap between supply and demand of climate finance, prioritizing the construction of portfolios in high-impact mitigation and adaptation segments and stablishing enabling conditions in high-complexity segments, and adopting a risk of adaptation management policy.

Suggested Citation

  • Juan Benavides & Ximena Cadena & Martha E. Delgado-Rojas & Helena García & María C. García, 2022. "Hoja de ruta que conecte cada una de las acciones y objetivos de la NDC con fuentes de financiación públicas y privadas; incluyendo para cada acción, barreras, oportunidades y recomendaciones," Informes de Investigación 20332, Fedesarrollo.
  • Handle: RePEc:col:000124:020332
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/11445/4305
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian Gollier, 2014. "Discounting and Growth," American Economic Review, American Economic Association, vol. 104(5), pages 534-537, May.
    2. Ivan Haščič & Miguel Cárdenas Rodríguez & Raphaël Jachnik & Jérôme Silva & Nick Johnstone, 2015. "Public Interventions and Private Climate Finance Flows: Empirical Evidence from Renewable Energy Financing," OECD Environment Working Papers 80, OECD Publishing.
    3. Kunreuther, Howard C. & Michel-Kerjan, Erwann O., 2011. "At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262516543, December.
    4. Signe Krogstrup & William Oman, 2019. "Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature," IMF Working Papers 2019/185, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joaquín Bernal-Ramírez & Jair Ojeda-Joya & Camila Agudelo-Rivera & Felipe Clavijo-Ramírez & Carolina Durana-Ángel & Clark Granger-Castaño & Daniel Osorio-Rodríguez & Daniel Parra-Amado & José Pulido &, 2022. "Impacto macroeconómico del cambio climático en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 102, pages 1-62, July.
    2. Howard Kunreuther & Erwann Michel-Kerjan, 2015. "Demand for fixed-price multi-year contracts: Experimental evidence from insurance decisions," Journal of Risk and Uncertainty, Springer, vol. 51(2), pages 171-194, October.
    3. Lamperti, Francesco & Bosetti, Valentina & Roventini, Andrea & Tavoni, Massimo & Treibich, Tania, 2021. "Three green financial policies to address climate risks," Journal of Financial Stability, Elsevier, vol. 54(C).
    4. Mercy Berman DeMenno, 2023. "Environmental sustainability and financial stability: can macroprudential stress testing measure and mitigate climate-related systemic financial risk?," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(4), pages 445-473, December.
    5. Simon Dikau & Nick Robins & Matthias Täger, 2019. "Building a sustainable financial system: the state of practice and future priorities," Financial Stability Review, Banco de España, issue NOV.
    6. Lorilee A. Medders & Charles M. Nyce & J. Bradley Karl, 2014. "Market Implications of Public Policy Interventions: The Case of Florida's Property Insurance Market," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(2), pages 183-214, September.
    7. Gollier, Christian, 2016. "Gamma discounters are short-termist," Journal of Public Economics, Elsevier, vol. 142(C), pages 83-90.
    8. Simon Dikau & Nick Robins & Matthias Täger, 2019. "Building a sustainable financial system: the state of practice and future priorities," Financial Stability Review, Banco de España, issue Autumn.
    9. Donato Masciandaro & Riccardo Russo, 2022. "Central Banks and Climate Policy: Unpleasant Trade–Offs? A Principal–Agent Approach," BAFFI CAREFIN Working Papers 22181, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    10. Oliver Walker & Simon Dietz, 2012. "Ambiguity and insurance: robust capital requirements and premiums," GRI Working Papers 97, Grantham Research Institute on Climate Change and the Environment.
    11. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    12. Senni, Chiara Colesanti & Pagliari, Maria Sole & van 't Klooster, Jens, 2023. "The CO2 content of the TLTRO III scheme and its greening," LSE Research Online Documents on Economics 120562, London School of Economics and Political Science, LSE Library.
    13. Mark Browne & Christian Knoller & Andreas Richter, 2015. "Behavioral bias and the demand for bicycle and flood insurance," Journal of Risk and Uncertainty, Springer, vol. 50(2), pages 141-160, April.
    14. Erwann Michel-Kerjan, 2013. "Finance des risques catastrophiques. Le marché américain est en plein bouleversement," Revue économique, Presses de Sciences-Po, vol. 64(4), pages 615-634.
    15. Kakuho Furukawa & Hibiki Ichiue & Noriyuki Shiraki, 2020. "How Does Climate Change Interact with the Financial System? A Survey," Bank of Japan Working Paper Series 20-E-8, Bank of Japan.
    16. Patrick Bolton Patrick & Després Morgan & Pereira da Silva Luiz Awazu & Samama Frédéric & Svartzman Romain, 2020. "“Green Swans”: central banks in the age of climate-related risks [Le « Cygne Vert » : les banques centrales à l’ère des risques climatiques]," Bulletin de la Banque de France, Banque de France, issue 229.
    17. D'Orazio, Paola & Hertel, Tobias & Kasbrink, Fynn, 2022. "No need to worry? Estimating the exposure of the German banking sector to climate-related transition risks," Ruhr Economic Papers 946, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    18. Liebich, Lena & Nöh, Lukas & Rutkowski, Felix & Schwarz, Milena, 2020. "Current developments in green finance," Working Papers 05/2020, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    19. Jeffrey Czajkowski & Kevin M. Simmons, 2014. "Convective Storm Vulnerability: Quantifying the Role of Effective and Well-Enforced Building Codes in Minimizing Missouri Hail Property Damage," Land Economics, University of Wisconsin Press, vol. 90(3), pages 482-508.
    20. Christian Haas & Karol Kempa, 2023. "Low-Carbon Investment and Credit Rationing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(1), pages 109-145, October.

    More about this item

    Keywords

    Cambio Climático; NDC; Mitigación; Adaptación; Financiamiento Climático;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000124:020332. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Patricia Monroy (email available below). General contact details of provider: https://edirc.repec.org/data/fedesco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.