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Colombia’s experience
engaging the private sector
Caterin Riveros
February 2019
What is the climate
hazard and
adaptation need to
be addressed?
Potential annual loss of 0,5% GDP
Changes in productivity: Agriculture most affected
Fishing
Forestry
Transportation
Agriculture
Livestock
4. NAP Interinstitutional Committe
3. Coordinating bodies
• National Climate Change System (SISCLIMA)
• Climate Change Regional Nodes
• Intersectorial Commision of Climate Change
• National System for Management Desasters Risk (SNGRD)
Government has developed an institutional
framework for climate change
1. Strategic policy
• CONPES 3700 - Institutional strategy for policy and climate
change action articulation in Colombia (2011)
• National Policy on climate change (2016)
• Law on climate change (2018)
• National Development Plan (2019)
2. National programs
Climate
Finance
Strategy
Which actors
are been
involved in
addressing the
need (public
and private)
and how are
they been
engaged?
Which actors
are been
involved in
addressing the
need (public
and private)
and how are
they been
engaged?
2. International Cooperation
Private sector has involved/will engage in
different initiatives of adaptation
1. Climate finance opportunities
Communication Strategy for NAP
Green
Protocol
Asobancaria
Financial
innovation
pilots
Government
Financial
sector
Productive
sector
NAP
READINESS
PROGRAM
2020
• Regulatory gap analysis for private
sector involvement
• Develop 2 concept notes for setting up
business cases for private adaptation
Which actors
are been
involved in
addressing the
need (public
and private)
and how are
they been
engaged?
Private sector has involved/will engage in
different initiatives of adaptation
NAP READINESS PROGRAM 2020
• Implementing Agency:
Why have the
private sector
invested in
adaptation?
The economy has been affected by the recent
El Niño and La Niña phenomenon
La Niña 2010 – 2011
cost3,7 billion dollars
was the total damages
to physical assets and
capital stock
El Niño 2015 – 2016
cost1 billion dollars
was the impact on
national production
• Between 2011-2015, the private sector invested around
86 million dollars in adaptation.
19%
57%
23%
Adaptation
Mitigation
Both
Source: DNP, 2018
What are the
‘co-benefits’ or
risks associated
with taking
action?
• Improve efficiency of private sector
companies.
• Improve competitiveness and productivity,
and meet Green Growth targets.
• Integrate disaster risk management and
climate change adaptation in private sector
planning
• Maladaptation.
• Difficulties in reporting, monitoring and
evaluating private sector actions and
results.
• Loss of interest in addressing urgent
social vulnerabilities on behalf of private
interests.
Potential
co-benefits
Potential
risks
Caterín Riveros
Environment and Sustainable Development Department
National Planning Department
Dnp.gov.co

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February 13 | Colombia’s experience engaging the private sector

  • 1. Colombia’s experience engaging the private sector Caterin Riveros February 2019
  • 2. What is the climate hazard and adaptation need to be addressed? Potential annual loss of 0,5% GDP Changes in productivity: Agriculture most affected Fishing Forestry Transportation Agriculture Livestock
  • 3. 4. NAP Interinstitutional Committe 3. Coordinating bodies • National Climate Change System (SISCLIMA) • Climate Change Regional Nodes • Intersectorial Commision of Climate Change • National System for Management Desasters Risk (SNGRD) Government has developed an institutional framework for climate change 1. Strategic policy • CONPES 3700 - Institutional strategy for policy and climate change action articulation in Colombia (2011) • National Policy on climate change (2016) • Law on climate change (2018) • National Development Plan (2019) 2. National programs Climate Finance Strategy Which actors are been involved in addressing the need (public and private) and how are they been engaged?
  • 4. Which actors are been involved in addressing the need (public and private) and how are they been engaged? 2. International Cooperation Private sector has involved/will engage in different initiatives of adaptation 1. Climate finance opportunities Communication Strategy for NAP Green Protocol Asobancaria Financial innovation pilots Government Financial sector Productive sector NAP READINESS PROGRAM 2020 • Regulatory gap analysis for private sector involvement • Develop 2 concept notes for setting up business cases for private adaptation
  • 5. Which actors are been involved in addressing the need (public and private) and how are they been engaged? Private sector has involved/will engage in different initiatives of adaptation NAP READINESS PROGRAM 2020 • Implementing Agency:
  • 6. Why have the private sector invested in adaptation? The economy has been affected by the recent El Niño and La Niña phenomenon La Niña 2010 – 2011 cost3,7 billion dollars was the total damages to physical assets and capital stock El Niño 2015 – 2016 cost1 billion dollars was the impact on national production • Between 2011-2015, the private sector invested around 86 million dollars in adaptation. 19% 57% 23% Adaptation Mitigation Both Source: DNP, 2018
  • 7. What are the ‘co-benefits’ or risks associated with taking action? • Improve efficiency of private sector companies. • Improve competitiveness and productivity, and meet Green Growth targets. • Integrate disaster risk management and climate change adaptation in private sector planning • Maladaptation. • Difficulties in reporting, monitoring and evaluating private sector actions and results. • Loss of interest in addressing urgent social vulnerabilities on behalf of private interests. Potential co-benefits Potential risks
  • 8. Caterín Riveros Environment and Sustainable Development Department National Planning Department Dnp.gov.co