Colombia's Climate Finance Commitee, Key cornerstone for the tracking system by Santiago Aparicio-Velasquez CCXG GF September 2016 Breakout A

1. Colombia´s Climate Finance
Commitee
Key cornerstone for the tracking system
Santiago Aparicio-Velásquez
Climate Finance Advisor
National Planning Department
GCF Readiness Program (WRI-UNDP-UNEP)

2. Climate variability was the tipping point for Colombia’s
Climate Finance Institutional Arrangements

3. Climate Finance Commitee
Main mission is to provide public
policy guidelines for integrating
climate change into the economic
and financial system.
co-ordination over
common goals
Enables partnerships among key stakeholders
(private-public):
Trust building + Networking + Capacities
(Understanding) of Climate Change/Climate
Finance = Institutional co-ordination over
common goals

4. Technical
Secretariat
Members

5. Where do we want to be?
What do we have and what
do we need?
What is the gap?
How can we close the gap?
TRACKING CLIMATE
FINANCE IS A
NECESSARY STEP FOR
DEVELOPING A
CLIMATE FINANCE
STRATEGY
Colombian Climate Finance
Strategy

6. Institutionalarrangements
2010-2016
January-March March-September August-December 2017
Colombia’s Tracking System

7. ENABLER
Positive enablers for running the Climate
Finance Tracking System
• Climate Finance Commitee
• Having a National Planning Department as Technical Secretariat
of CFC and home for the tracking system.
• Construction process of a Climate Change MRV system lead by
Ministry of Environment (Emissions, Reductions, Climate
Finance).
• Construction of other Systems that promote Transparency
(APC-Map of Investments)
1. Institutional
Capacity
• Colombia is beneficiary of the GCF Readiness Programme
(UNDP/UNEP/WRI) .
• Readiness actions include:
• Design and immplementation of a climate finance tracking
system.
• Develop Climate Public Expenditure & Institutional Review
(CPEIR)
2. Climate
Finance
Readiness
actions

8. •Reporting to UNFCC about climate finance.
•“Framework for a Climate Finance Strategy”
3. Diagnosis and understanding of
Climate Finance context in
Colombia
•Climate Change (mitigation/ adaptation) included
over the National Planning instruments.
•INDC´s presented at COP21, includes the creation of
MRV system.
4. Legal (National / International)
Framework
•Development of the platform involved key
stakeholders (sources / potencial users) on all its
phases encouraging the participation and future
adoption of the system.
5. Collaborative design
process of the Tracking System
ENABLER

9. Santiago Aparicio
Velásquez
@apariciosantiag
saparicio@dnp.gov.co