Context
Peru is one of the countries most severely affected by climate change. In addition to this, the country has the second-largest area of Amazon rainforest in the world, has a great deal of biodiversity, and is therefore particularly significant in terms of climate action.
Four German and two Peruvian ministries therefore signed a Climate Partnership agreement in November 2022. It aims to promote the implementation of global climate goals (Paris Climate Agreement).
The key challenge for implementing ambitious adaptation and mitigation measures is to provide and deploy, in a targeted manner, sufficient financial means to enable specific measures.
Objective
Improved coordination and cooperation mechanisms and instruments are available to Peru in order to implement its Nationally Determined Contributions (NDC).
Approach
The project is part of the Climate Partnership secretariat, through which it supports the political dialogue between Peru and Germany, as well as exchange and cooperation between civil society, the private sector and academia, to protect the climate and biodiversity.
The project also advises the relevant sectoral ministries on how they can update, implement and monitor the adaptation and mitigation measures in their areas of responsibility while simultaneously supporting interministerial coordination.
Finally, the project improves cooperation between the Ministries of Environment and Finance as well as regulatory conditions to make available private and public funding for implementing mitigation and adaptation measures. It also advocates taking climate risks into consideration when making investment decisions.
