About the project

This project aims to provide evidentiary basis to policy reform and to contribute in creating the enabling conditions that result in the rapid decarbonisation of the national economy by making finance flows consistent with low-carbon development pathways and avoiding carbon lock-in.

The removal of barriers to green investments is a crucial process in order to successfully implement the current NDC, while allowing to raise ambitions for subsequent ones.

Below you will find a video with a summary of the project in Argentina

To increase climate ambition, next generation of NDCs and long-term strategy requiere:

An array of technical inputs to demonstrate feasibility of climate investments

Improved policy and regulatory frameworks

Increased awareness on climate action as enabler for economic recovery

Broader support from stakeholders

The annual needs for sustainable finance in Argentina for the 2019-2030 period were estimated to range from US$40 billion to US$60 billion, mostly from infrastructure-intensive sectors such as: transportation, housing, energy and communications. Total annual sustainable investment will need to increase by about 260% to ensure that optimal opportunities are met by 2030, probably more, given the current paucity of investment under the economic contraction due to the pandemic.

Specific objectives are:

Identify enabling conditions to make feasible the decarbonisation of the country’s economy and strengthening resilience. To that end it is convenient to improve and broaden access to international climate finance, as well as creating the conditions for an expanded flow of private resources to fund long-term climate action, in order to complement sparse resources from the public sector.

Provide robust information to create awareness and demonstrate that climate action should be a key element in enabling short-term economic recovery, avoiding bad long-term investments and strengthening sustainable development.

Contribute to providing elements to enhance the existing climate governance, policy and regulatory framework. 

Identification of new and innovative financial instruments, including those capable of modifying the risk-return profile of investments.

Identify strategic investment opportunities in the selected sectors, under still enduring major budgetary and financial constraints. The aim is to avoid potential carbon lock-in and strengthen mitigation actions while increasing the efficiency of investment decisions.

Consolidate a green and sustainable investment portfolio in a prioritized sector, while also assisting to devise demand side policy approaches to reduce emissions.

Showcase that a green recovery is feasible, attractive from an investor’s perspective, and adding to sustainable development patterns. 

Expected results:

Reviewed mitigation actions in the NDCs towards more comprehensive and ambitious sectoral plans, including exploring new potential mitigation options not yet having been thoroughly analysed. Consideration of demand side approaches as fertile additional mitigation options

Heightened awareness and specific knowledge of international sustainable finance diversity of sources and means of access that are available to materialize climate action.

Propose enhanced policies and measures and regulatory reforms, as well as a range of innovative instruments (i.e. financial and non-financial, risk mitigation) to contribute to address key barriers to investments in order to remove or reduce them substantially for prioritized mitigation actions. 

Input to international negotiations and new or revised commitments under UNFCCC, including national long-term strategy (LTS), next generations of NDCs, and proposals for the development of national and sectoral recovery plans.

A robust and down-to-earth sectoral investment portfolio according to the prioritized mitigation actions.

Increase awareness of the feasibility and attractiveness of green recovery through selected cost-effective identified mitigation options.

Project activities will play a role in building national political support for the implementation of public policies to stimulate climate action, fully in line with Argentina’s Long Term Strategy and Nationally Determined Contribution, and boost efforts in achieving the SDGs, specifically the following:
Reviewed mitigation actions in the NDCs towards more comprehensive and ambitious sectoral plans, including exploring new potential mitigation options not yet having been thoroughly analysed. Consideration of demand side approaches as fertile additional mitigation options
Heightened awareness and specific knowledge of international sustainable finance diversity of sources and means of access that are available to materialize climate action.
Propose enhanced policies and measures and regulatory reforms, as well as a range of innovative instruments (i.e. financial and non-financial, risk mitigation) to contribute to address key barriers to investments in order to remove or reduce them substantially for prioritized mitigation actions. 

Sustained and inclusive economic growth can drive progress, create decent jobs for all and improve living standards. Decent work means opportunities for everyone to get work that is productive and delivers a fair income, security in the workplace and social protection for families, better prospects for personal development and social integration.

Economic growth, social development and climate action are heavily dependent on investments in infrastructure, sustainable industrial development and technological progress.
Inclusive and sustainable industrialization, together with innovation and infrastructure, can generate employment and play a key role in introducing and promoting new technologies, facilitating international trade and enabling the efficient use of resources.

Inequalities based on income, sex, age, disability, sexual orientation, race, class, ethnicity, religion and opportunity continue to persist across the world. Inequality threatens longterm social and economic development, harms poverty reduction and destroys people’s sense of fulfilment and self-worth.

Climate change is affecting every country on every continent. It is disrupting national economies and affecting lives. Weather patterns are changing, sea levels are rising, and weather events are becoming more extreme.
The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels. The agreement also aims to strengthen the ability of countries to deal with the impacts of climate change, through appropriate financial flows, a new technology framework and an enhanced capacity building framework.

The SDGs can only be realized with strong global partnerships and cooperation.
A successful development agenda requires inclusive partnerships — at the global, regional, national and local levels — built upon principles and values, and upon a shared vision and shared goals placing people and the planet at the centre

No Proverty Energy Agriculture Forestry and Other Land Use
Transport More than 700 million people, or 10 percent of the world population, still live in extreme poverty today (less than 2 USD/day), struggling to fulfil the most basic needs like health, education, and access to water and sanitation, to name a few. Goal 1: End poverty in all its forms everywhere Gender equality Energy Agriculture Forestry and Other Land Use
Transport Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world. Today, gender inequality persists everywhere and stagnates social progress. Goal 5: Achieve gender equality and empower all women and girls
 Affordable and clean energy Energy Agriculture Forestry and Other Land Use
Transport Lack of access to energy supply and transformation systems is an obstacle to human and economic development. Energy is the main contributor to climate change, accounting for around 60% of all global greenhouse gas emissions. Goal 7: Ensure access to affordable, reliable, sustainable and modern energy
 Decent work Energy Agriculture Forestry and Other Land Use
Transport Sustained and inclusive economic growth can drive progress, create decent jobs for all and improve living standards. Decent work means opportunities for everyone to get work that is productive and delivers a fair income, security in the workplace and social protection for families, better prospects for personal development and social integration. Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all
 Industry Energy Agriculture Forestry and Other Land Use
Transport Economic growth, social development and climate action are heavily dependent on investments in infrastructure, sustainable industrial development and technological progress. Inclusive and sustainable industrialization, together with innovation and infrastructure, can generate employment and play a key role in introducing and promoting new technologies, facilitating international trade and enabling the efficient use of resources. Goal 9: Build resilient infrastructure, promote sustainable industrialization and foster innovation
 Reduced inequalities Energy Agriculture Forestry and Other Land Use
Transport Inequalities based on income, sex, age, disability, sexual orientation, race, class, ethnicity, religion and opportunity continue to persist across the world. Inequality threatens longterm social and economic development, harms poverty reduction and destroys people’s sense of fulfilment and self-worth. Goal 10: Reduce inequality within and among countries
 Climate actions Energy Agriculture Forestry and Other Land Use
Transport Climate change is affecting every country on every continent. It is disrupting national economies and affecting lives. Weather patterns are changing, sea levels are rising, and weather events are becoming more extreme.
The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels. The agreement also aims to strengthen the ability of countries to deal with the impacts of climate change, through appropriate financial flows, a new technology framework and an enhanced capacity building framework. Goal 13: Take urgent action to combat climate change and its impacts
 Partnerships for the goals Energy Agriculture Forestry and Other Land Use
Transport The SDGs can only be realized with strong global partnerships and cooperation. A successful development agenda requires inclusive partnerships — at the global, regional, national and local levels — built upon principles and values, and upon a shared vision and shared goals placing people and the planet at the centre Goal 17: Revitalize the global partnership for sustainable development