Costa Rica launches actions agreed in the Paris Treaty

The government of Costa Rica is working to put into effect the agreements adopted in the Paris Treaty by means of a roadmap that will lead to the achievement of the goals set out in the Nationally Determined Contributions (NDCs). This roadmap has been financed by the Interamerican Development Bank (IDB), through its NDC Invest programme.

NDC Invest enables countries in the IDB’s sphere to transform emission mitigation commitments into concrete investment plans. This helps improve access to financing, a factor that can hold back the delivery of the measures laid out in the NCDs.

It was precisely these contributions that formed the basis of the Paris Treaty adopted in 2015. Now the aim is to transform them into tangible actions that favour long-term development that is both carbon-zero and climate-resilient.

Roadmap actions

To accomplish this roadmap, Lavola, as leader of the project, contributes its experience to achieve an effective implementation of the public and private projects and measures identified within the NDCs. This action plan includes an analysis of investments in public projects and measures and guarantees dialogue with the National Council for Public Investment of Costa Rica. Moreover, it will supplement the pre-analysis carried out with the NDC Partnership and include the selection of two pilot actions.

In relation to the two pilot actions – which the Costa Rican government must put into effect immediately – the concept notes will be prepared so that they can be presented to the Private Sector Facility (PSF) in the Green Climate Fund.