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Latin America

Peru was recently awarded €9 million ($11.14 million) for its urban transport Nationally Appropriate Mitigation Actions (NAMA) by the German and British NAMA facility.

This climate finance award will allow the Peruvian government to leverage $50 million from development aid agencies—especially KfW, the Inter-American Development Bank (IDB), and CAF Development Bank of Latin America—and much more from the private sector.

Between 2001 and 2012, Latin America and the Caribbean lost 36 million hectares of forest and grassland to agricultural expansion, and nearly half of the region's greenhouse gas emissions are the result of land-use change, forestry, and agriculture. So there’s a clear solution to curbing climate change in the LAC region—restore life to its degraded landscapes.

That's where Initiative 20x20 comes in.

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