Financial Strategy for Climate Change

Chile's Financial Strategy for Climate Change defines an action framework through three work axes to contribute to the implementation of climate and sustainable development objectives under the Paris Agreement, through the NDC and the vision of carbon neutrality by 2050. The first axis focuses on generating information, data and analysis to mobilize capital flows under an institutional framework consistent with the country's climate objectives. The second axis seeks to promote the design and implementation of green financial instruments and market development for climate-resilient and low-emission economic sectors. The third axis strengthens the understanding, capabilities and action of the financial sector regarding risks and opportunities derived from climate change. The Strategy will be updated in 2021 and subsequently every 5 years from 2025, including the evaluation of the measures identified in it.