Sustainable Energy and Climate Change Initiative (SECCI)
The Sustainable Energy and Climate Change Initiative (SECCI), agreed to in 2007 and established in 2009, is a specialised instrument of the IDB in order to provide support to concrete climate change and renewable energy-related projects in Latin America and the Caribbean, as well as to mainstream climate change into IDB operations.
SECCI is a multi-donor fund, sourced through its own means, and through development partners including; Finland, Germany, Italy, Japan, Korea, Spain, Switzerland, and the UK. SECCI’s initial budget amounted to USD 20 million.
Eligibility to Receive Funding: Governmental and non-governmental institutions, NGOs and the private sector
Regional Focus: Latin America and the
The support under this initiative covers climate adaptation and mitigation. The four strategic pillars are:
- Renewable energy and energy efficiency;
- Sustainable biofuel development;
- Access to carbon markets; • Adaptation to climate change.
Mainly grants. Applicants should make their own contribution (in cash or in-kind) of at least 20%. The SECCI grant per project should not exceed USD 1 million. No country is able to receive funding amounts that are 30% higher than the total amount of SECCI funds available.
The funds are managed by the Sustainable Energy and Climate Change Unit of IDB. The funds are allocated to finance a broad range of issues on the above mentioned strategic pillars, ranging from a policy framework analysis to policy reforms, project identification, preparation and implementation, and mainstreaming climate change risks and vulnerability reductions. More details can be found online.
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