Colombia GCF Readiness Programme

Colombia

Country Background

Colombia has potential to mitigate emissions in the agriculture, energy, land use and forestry sectors. The government has invested significantly in mitigation projects, including initiatives to reduce deforestation.  Recently, Colombia proposed a national, economy-wide emissions reduction target of 20 percent in its Intended Nationally Determined Contribution submission to the UNFCCC.  This would increase to 30 percent with international support.
 
Colombia is also implementing adaptation measures in priority regions vulnerable to water shortages and land instability, and in essential sectors such as agriculture and water resource management.  Additionally, Colombia has developed a national climate change policy that includes i) an adaptation plan; ii) a low-carbon development strategy; iii) a strategy for reducing emissions from deforestation and degradation of ecosystems; iv) a disaster protection strategy. 

  Overview of the National Readiness Plan

Based on the identified climate finance needs and priorities, the GCF Readiness Programme is working with Colombia to develop capacity in the following areas: 

  • Improved national capacity to access and manage climate finance from international and national sources 
  • Enhanced knowledge and skills to develop climate projects, especially within the private sector 
  • Support existing initiatives of local financial institutions to build up the skills required for climate related investment activity

In implementing these activities, the Programme works closely with the Departamento Nacional de Planeación, as well as other public and private sector stakeholders.

Climate Finance Committee Newsletter

The Climate Finance Committee of Colombia publishes a bimonthly newsletter as part of its knowledge management and communications strategy, supported by the Readiness Programme. The newsletter archives, available in Spanish, can be accessed below.