Lima, Peru, March 24, 2011—IFC,
a member of the World Bank Group, and Peru 2021, highlighted today the
key role of the private sector in addressing challenges generated by climate
change in Peru, encouraging dialogue on the urgency of implementing sustainable
mitigation and adaptation strategies.
Around 200 leading representatives from
public, private sector, and civil society organizations gathered at a conference
hosted by IFC on Thursday in Lima, to discuss the challenges and opportunities
presented by climate change for the private sector. The Ministry of Foreign
Affairs of Finland provided support for the conference, which focused on
risk management issues and business opportunities related to climate change.
The conference is the first one that IFC has hosted in the region.
“Peru 2021 promotes capacity-building
on carbon markets and clean development for companies in Peru, introducing
the carbon footprint as good practice for the private sector,” said Henri
Le Bienvenu, Peru 2021 Executive Director. “We are contributing to this
important event to promote the preservation of the environment for the
next generations in the country.”
Although Peru is not a significant emitter
of greenhouse gases compared to other nations, incorporating low-carbon
technologies may help improve the country’s competitiveness due to energy
diversification and decreased energy costs from improved efficiencies.
IFC brings a unique approach to addressing
climate change. IFC plans to grow its climate-related investments to at
least 20 percent of its overall commitments within three years—tripling
its annual investment program to more than $3 billion. Spending on climate
change by IFC Advisory Services is expected to reach the same share over
the same period—more than doubling current levels.
“IFC's main focus is to support the
private sector in its efforts to mitigate and adapt to the challenges of
climate change by providing innovative financing structures and advisory
services that can help achieve climate-friendly business and inclusive
economic growth,” said Mohsen Khalil, IFC's Global Head of the Climate
The conference explored how private
sector companies are investing in new technologies, as well as the adaptive
measures they are undertaking in this area. The conference included sessions
on sustainable energy, land use and forest resources, improved water use
and efficiency, and managing risks and insurance.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in developing countries. We create opportunity for people to escape poverty
and improve their lives. We do so by providing financing to help businesses
employ more people and supply essential services, by mobilizing capital
from others, and by delivering advisory services to ensure sustainable
development. In a time of global economic uncertainty, our new investments
climbed to a record $18 billion in fiscal 2010. For more information, visit
About Peru 2021
Peru 2021 is a nonprofit civil association,
led by entrepreneurs, that works to achieve a shared national vision by
2021, when Peru will be celebrating 200 years of independence, and to promote
Corporate Social Responsibility as a management tool, so the private sector
becomes an agent of change to accomplish Peru´s sustainable development.
Peru 2021 represents the World Business Council for Sustainable Development
- WBCSD in Peru, a coalition of more than 180 companies committed worldwide
to social responsibility and sustainable development. For more information,