On Friday, March 12, the Platform “Greening Finance in Argentina to Combat Climate Change ”by the British embassy in Argentina under the UK PACT program.
On Friday, March 12, the Platform “Greening Finance in Argentina to Combat Climate Change ”by the British embassy in Argentina under the UK PACT program. The Platform – the only one of its kind in Latin America – will promote the development of capacities in sustainable financing in Argentina, in addition to preparing the local financial market to face the challenges of climate change. Buenos Aires – March 12, 2021: Within the framework of global efforts to combat climate change, the platform “Greening finances in Argentina to combat climate change and promote inclusion ”, developed by Carbon Trust, Génesis y MÉXICO2 and funded by the Green Recovery Challenge Fund of UK PACT. The new platform aims to support capacity building of the capital markets and banking in Argentina to face exchange risks climate and position Argentina as a benchmark in sustainable financing related to commodities, as part of the Argentine contribution to the discussions on climate change during COP26 in Glasgow, in November this year. “UK PACT Green Recovery Challenge Fund inspires greater climate ambition; if not We take this opportunity to use the post-COVID19 recovery stimulus to drive a greener, fairer and more resilient recovery, we will not meet our objectives within the framework of the Paris Agreement; it is the greatest opportunity of our time ”, expressed Mark Kent, British Ambassador to Argentina. “The project helps to mobilize national and international financing for activities that reduce greenhouse gas emissions and that, consequently, promote compliance with the commitments that the countries stipulated under the Agreement de Paris, promoting an environmentally responsible post-covid-19 recovery and fair “, communicated Arturo Palacios, Deputy Director of Carbon Trust Mexico. “We hope to take the project to the interior of the country because we believe that this knowledge should reach the public sector and provincial financial institutions, where the greater number of projects being an important source of economic activity in the country ”, commented Alejandra Cámara, Director of Génesis. “We cover the project from what makes Argentina unique: its food production. We decided to develop four components: courses to strengthen and build capacities in sustainable financing; a report on climate risks in regional economies and stranded assets; a roadmap for the greening of agricultural commodities and the greening of a financial instrument for SMEs “, announced Eduardo Piquero, Director of MEXICO 2. Speakers included Mark Kent, British Ambassador to Argentina; Daniel Perdomo, Associate Director, Strategy and Business Development Latam, Carbon Trust; Arturo Palacios, Deputy Director, Mexico and Head of Green Finance, Latin America, Carbon Trust; Alejandra Cámara, Director of Genesis; Eduardo Piquero, CEO of MEXICO2 and Mercedes Esperon, Coordinator of Climate Change at the Embassy British. Press release: Malena García Camara I mgarcia@genesisarg.com I (+54 911) 6872 2573.