From June 3 to 17 June, RCC Panama and consultants from SOA Consulting supported the Presidential Office of Climate Change of Honduras (ClimaPlus) to host a series of virtual workshops to advance understanding of climate finance and mobilize financial flows.
The virtual workshop series followed a March session to kick off development of a needs-based climate finance strategy in Honduras, the workshops brought together experts and more than 60 officials from across the government to move the National Climate Finance Mobilization and Access Strategy of Honduras forward.
These thematic workshops offered experts from different government agencies an opportunity to better understand how Honduras is engaged in climate finance and looking to mobilize finance from a wide variety of sources. The significant role of public funds was noted, as was the specific needs and priorities of Honduras.
The first workshop focused on the results of NBF Honduras project. A presentation by SOA Consulting shared tools and resources in the country, insights on mobilizing funds, and the experiences of other countries in the region. This laid the ground for a common understanding of efforts and gaps to implement the NDC and possible next steps for the National Climate Finance Mobilization and Access Strategy of Honduras.
In workshops throughout June, international climate finance experts were invited to share their experiences on:
- Conservation projects and their connection to carbon finance with David Shoch of TerraCarbon
- New climate and inclusion financial instruments with Eduardo Piquero from Mexico2
- The role of microfinance in the replacement and/or acquisition of appliances with Alejandro Paz of MGM Inova Capital
- Trust and forest funds for result-based payment and payments for services schemes with Irene Wasilevsky from UNEP FI
Based on what was seen in the workshops, Honduras has experience accessing international climate fund and preparing national budgets for public investment. New financial opportunities were identified in green bonds, result based payments and microfinance.
More information on the Needs-based Finance project here.
