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Our value added The IDB can provide access within the Latin American and Caribbean region to sources of international climate finance, such as the Global Environment Facility (GEF), the Nordic Development Fund and the Climate Investment Funds (CIFs). Also, by partnering with other donors and organizations, it can leverage funding and combine efforts in the most efficient manner, supporting both public entities as well as private developers. For example, since 2012 the IDB has been making a joint effort with Japan International Cooperation (JICA) in the promotion of geothermal development under the “Co-finance for Renewable Energy and Energy Efficiency” (CORE) framework . Currently, the IDB is supporting efforts of international donors to create a Geothermal Development Facility for Latin America. The IDB is further supporting its borrowers through the provision of advisory services to strengthen and complement the line of financing products. By enabling a thorough understanding of the technology alternatives, and a strong institutional capacity within an investor friendly regulatory framework, IDB services may contribute to unlocking the potential of this proven technology. Claudio Alatorre Climate Change and Sustainability calatorre@iadb.org Elizabeth Robberechts Structured and Corporate Finance elizabethe@iadb.org Sandro Bruni Energy Division sandrob@iadb.org Ramon Guzman Capital Markets and Financial Institutions rguzman@iadb.org Please contact our specialists for more information www.iadb.org The unauthorized commercial use of Bank documents is prohibited and may be punishable under the Bank’s policies and/or applicable laws. Copyright © 2014 Inter-American Development Bank. All rights reserved; may be freely reproduced for any non-commercial purpose. Photos provided by Enel/Enel Green Power, @Roberto Caccuri – Contrasto; @Renato Franceschin – Studio Franceschin; @Fabio Sartori – Enel Green Power. Cataloging-in-Publication data provided by the Inter-American Development Bank Felipe Herrera Library Inter-American Development Bank. Promoting geothermal development in Latin America and the Caribbean / Inter-American Development Bank. p. cm. 1. Geothermal resources—Latin America. 2. Geothermal resources— Caribbean Area. 3. Climate change mitigation. I. Inter-American Development Bank. Climate Change and Sustainability Division. II. Title. IDB-BR-134PDF Image | Promoting Geothermal Development
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