SHARM EL SHEIKH, Egypt, CMC – Jamaica and Barbados are to benefit from the first regional programme to promote electric mobility and green hydrogen in Latin America and the Caribbean that was first approved by the Green Climate Fund (GCF) in July this year
SHARM EL SHEIKH, Egypt, CMC – Jamaica and Barbados are to benefit from the first regional programme to promote electric mobility and green hydrogen in Latin America and the Caribbean that was first approved by the Green Climate Fund (GCF) in July this year.
The Inter-American Development Bank (IDB) says it has endorsed a partnership with the GCF for the programme initiative, known as the E-mobility Programme for Sustainable Cities in Latin America and the Caribbean that aims to provide US$450 million in concessionary loans and grants to nine countries to help cities in the region transition toward lower carbon emissions and resilient public transportation.
Carmelo De Grazia
It will accelerate the use of electric and hydrogen-based public transportation and make urban mobility systems more resilient to climate change.
Carmelo De Grazia Suárez
The programme will help power the green transition in Barbados, Chile, Colombia, Costa Rica, the Dominican Republic, Jamaica, Panama, Paraguay, and Uruguay
IDB’s vice president for sectors and knowledge, Benigno Lopez, and Yannick Glemarec, GCF‘s executive director, made the announcement after a bilateral meeting at the ongoing 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27)
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