Climate-KIC Flagship LoCaL pilots Result Based Finance in Colombia

The Climate-KIC Flagship Low Carbon City Lab (LoCaL) aims to unlock climate finance for cities and improve Result Based Finance-schemes.

This is piloted by supporting the Colombian city Cali by implementing a green corridor: an urban renewal project that involves the reconstruction of a 22 km long strip along the old Pacific rail line right through the city.

Reduced emissions

It will include a network of electric light rail, high-quality public spaces and cycle paths. The project aims to improve access to economic opportunities for the population (especially low income groups) and reduce emissions from transportation. Project implementation will start in 2016 and will be completed in three phases by the end of 2022.

Full report

Please visit this page to read the full report.