Climate Finance Strategy Framework

Through the Climate Finance Committee of SISCLIMA (National Climate Change System), the Government of Colombia is seeking to incorporate climate change into the economic and financial planning of this country, thus turning climate finance into a tool to fulfill the commitments made at COP21 and to achieve a transition to a climate-smart development model. In this context, the Climate and Development Knowledge Network (CDKN) has financed the creation of the Climate Finance Strategy Framework. This has made it possible to evaluate the offer and demand for resources to finance actions of mitigation and adaption until 2030. It also proposes innovative actions to guarantee public and private investments, improve efficiency in public spending, integrate local, national and international resources and outline possible instruments and mechanisms to guarantee the flow and execution of climate change resources. This framework will serve as a basis for the National Government to develop its national climate finance strategy and to promote the issue of green bonds, among others, in Colombia.