Experience Spotlight – Colombia – Implementing a Climate Finance MRV System

Colombia has become a leader in Latin America concerning their institutional framework to face climate change. In 2016, the National Climate Change System (Sistema Nacional de Cambio Climático – SISCLIMA) was established as an inter-institutional coordination system with the mandate of defining policy and action guidelines to promote resilient and low-carbon development. SISCLIMA is composed of technical committees that act as specialized panels, one of these bodies1 is the Financial Management Committee (CGF), which connects public stakeholders, at national and regional levels; as well as development and private banks. The CGF promotes the inclusion of climate change criteria in the country’s economic and financial planning and facilitates the mobilization of resources to meet Colombia’s international commitments concerning mitigation and adaptation.

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