Moving towards low-carbon and resilient economies requires building partnerships to mobilise green finance, achieve the goals set out in the Paris Agreement and limit the increase in global average temperature to below 1.5°C above pre-industrial levels.
Since 2019, the Mexican-German Climate Change Alliance, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and part of the International Climate Protection Initiative (IKI), has been working hand in hand with the Government of Mexico and actors from the private, financial and social sectors to mobilise resources for concrete actions in the territory and identify the challenges and opportunities of climate finance. This long-term vision aims to allow Mexico to meet its national and international climate commitments.
In the framework of the third edition of the Green and Inclusive Finance Festival, the Mexican-German Climate Change Alliance presented the fruitful technical cooperation with the Government of Mexico to green the financial system and mobilise climate finance towards actions to address the climate crisis in the territory. The five axes of climate action were shared, in which they collaborate with various institutions from the public, financial, private and social sectors to promote green finance.
We invite you to learn more about the results of the Mexican-German Climate Change Alliance on green finance:
Did you know that encouraging socio-environmental ventures, apart from contributing to the community’s economy, is also a strategy for adaptation to climate change, conservation of ecosystems and biodiversity within Natural Protected Areas?
At the beginning of 2020 this project arose, seeking to build a portfolio of the socio-environmental enterprises who were working on activities related to biodiversity conservation and adaptation to climate change within Protected Natural Areas, as well as in their areas of influence. The GIZ projects Mexican-German Climate Change Alliance III and the project for the Conservation of Biodiversity in the Neo-Volcanic-Axis (COBEN), launched a call aimed at socio-environmental entrepreneurs. Over 300 ideas and initiatives responded.
It is important to highlight that the participation of women within the governance mechanisms of each enterprise was one of the relevant evaluation criteria within the selection process. After this complex selection, nine potential ventures resulted.
After a year and a half of hard work on behalf the nine selected socio-environmental ventures, GIZ together with the support of the Ministry of the Environment and Natural Resources (SEMARNAT), the National Commission for Protected Natural Areas (CONANP) and the National Institute of Ecology and Climate Change (INECC), has completed this project with a business conference, held on September 9, 2021.
The aim of this business conference was to create a virtual space where the nine socio-environmental enterprises could meet with potential investors and institutions in order to establish commercial and investment alliances, as well as other alliances to strengthen their capacities and business models.
The results that stand out from this project are:
The graduation of nine socio-environmental enterprises, capable of generating opportunities to increase their income, with potential to strengthen their capacities, their impact on the territory and their contributions in ecosystem conservation and climate change adaptation.
Connections between the nine socio-environmental enterprises and other key actors. Business and/or public entities impact investment funds, legal or financial advisers, certifiers, and research centres selected from companies to strengthen their value chain and business model.
In this sense, Gemma Santana, creative director of México Sostenible, stated: “Excluding the community from the local economy does not help solve problems. For true economic change, we must encourage profitable ventures and business models with socio-environmental impact; promoting socio-environmental enterprises in Mexico is essential if we are to meet the Sustainable Development Goals of the 2030 Agenda and especially the adaptation goals of Mexico’s NDC.”
