Renewable energies and energy efficiency
To meet the challenge of climate change and ensure access to affordable, reliable and sustainable energy, our main focuses are projects that aim to produce energy from renewable sources and energy efficiency. Despite a difficult economic context, 16 projects with climate co-benefits were financed in 2020. Proparco is among the most active Development Financial Institutions in the fight against climate change.
Our main focuses
European Partnership for Climate
But our goal is to go even further. Proparco will draw on its expertise in “climate” finance to scale up its financial commitments for projects with lower emissions (mitigation) and models which increase resilience to climate change (adaptation).
In order to continue to mobilize private sector funds for the fight against climate change, Proparco will support new initiatives, such as the creation of equity investment vehicles for renewable energies, and the development of a syndication capacity, or the allocation of loans in the climate sector.
Proparco will finance climate change adaptation projects in order to help its clients establish new practices: direct financing or via credit lines to banks, by encouraging banks and microfinance institutions to develop products to finance their clients’ adaptation to hese new situations (particularly in the agricultural sector).