National Development Banks (NDBs) are in a unique position to engage local financial institutions and private investors, align development financing with national priority mitigation actions, and canalize international climate funding to promote scale up investments in energy efficiency (EE) and renewable energy (RE) projects. The proposed program aims to empower NDBs to structure and coordinate innovative financing mechanisms for EE and ER in Latin America and the Caribbean, through: assessment of niche markets opportunities; development and combination of tailored risk sharing and financial and non-financial mechanisms to scale up investments in EE and RE; engagement of local financial institutions (LFI) in deployment of new financing products; identification and engagement of technology providers and key market stakeholders to structure demand for financing by bankable projects; and development of standards and mechanisms for monitoring and reporting and monetizing benefits from EE and RE.