DecarBOOST aims to support three Latin American countries, Argentina, Brazil and Peru, in financing the transition to a low-carbon society. To achieve this objective, the project will provide the evidence base and proposals to influence policy reform and create the enabling conditions to direct financial flows toward low-carbon and climate-resilient development pathways. The project will undertake multistakeholder dialogues with the aim to increase ambition toward decarbonising the economies and facilitate the design and implementation of effective financial instruments. The stakeholder target groups will benefit from the establishment of a regional community of practice focused on fostering peer-to-peer learning on climate investment instruments, opportunities and challenges. The project aims to significantly contribute to the Global Stocktake process and the next generations of NDCs as part of the Paris Agreement ambition mechanism.
DecarBoost is sponsored by the International Climate Initiative (IKI) on behalf of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). The project is led by SouthSouthNorth (South Africa) and implemented by Centro Clima – Universidad Federal de Rio de Janeiro (Brazil), Libélula Comunicación Ambiente y Desarrollo (Peru), NewClimate Institute (Germany) and Torcuato Di Tella Foundation (Argentina).
The project operates at two scales: national and international. At the national level, the project promotes public-private dialogue for the three focus countries as a strategy to:
At a regional level, the project aims to contribute significantly to developing the next generation of NDCs and the global assessment process; both as part of the Paris Agreement’s ambitious requirements. To achieve this objective, the project will implement on an annual basis:
In the long term, the project aims to create enabling conditions to: