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  HOME | Chile

Head of Climate Investment Funds Examines Program’s Results in Chile

SANTIAGO – The head of Climate Investment Funds (CIF), Mafalda Duarte, began a three-day Chile tour on Wednesday to visit some of the projects launched with the program’s investments.

Duarte arrived in Chile after visiting Colombia and will travel to other countries to examine the results of the activities carried out with the CIF since they were created in 2008.

“We began our work in the CIF 10 years ago and we are starting a campaign in Latin America and other regions to call attention to the experiences that are helping transform the world into a more sustainable place,” Duarte told EFE.

The goal is to spread information about the investments that “are having a very concrete impact” in the fight against climate change, Duarte said.

The CIF began their activity in Chile in 2012 and to this day have invested $200 million in five programs that have also received the support of the Inter-American Development Bank and the World Bank.

These include large-scale solar projects, the development of geothermal energy sources and general technical assistance.

“We have several projects (in Chile) but we are going to visit two: a geothermal energy project in the Atacama Desert and a project to set up energy-efficient public lights in Santiago,” Duarte said.

“These are two projects that have already shown tangible results and that we can share with other organizations and agencies at the national, regional and international levels,” she added.

The CIF have received more than $8.3 billion from 13 donor countries, which has been invested in numerous projects in 72 developing nations.

The funds are used to finance the development of technologies to reduce greenhouse gas emissions in the energy and transport sectors, to deploy renewable energy solutions, to reduce deforestation and forest degradation, and to promote climate resilience.

 

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