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Environmental authorities from Chile and Canada meet at the First Seminar of Organic Residues and Climate Change
20 Mar 2019Nationals

The discussions generated dialogue between the main stakeholders involved, to promote a portfolio of sustainable projects in the waste management sector, that is attractive and feasible for investment.

With the objective of supporting the management of public and private financing, as part of the mandate of the Reciclo Orgánicos Program and to aid the fulfillment of Chile’s Intended Nationally Determined Contributions (INDCs), the first Seminar on Organic Residues and Climate Change was held on March 20, 2019 to enable climate financing for the implementation of projects in the waste sector. During the Seminar, actions were announced and discussed in the areas of financing, public policy, project implementation, and capacity building that would allow progress in a more accelerated manner for the mitigation of greenhouse gases (GHGs) from the municipal solid waste sector in Chile.

The activities fall under the framework of Chile’s national organics diversion and recovery project, named ‘Reciclo Orgánicos’, which has been developed in collaboration with Canada through the Canada-Chile Bilateral Agreement on Environmental Cooperation. The seminar had the participation of environmental authorities at the national and local level of both countries, as well as financial entities, municipal representatives, companies from the waste sector and renowned consultants, who shared with the more than 80 assistants, the tools to close the gap between project design and project financing and thus support the fulfillment of the objectives of the Program.

At the event, held at the Crowne Plaza Hotel, Santiago, the Minister of the Environment of Chile, Carolina Schmidt commented that “Even though Chile was responsible for only 0.25% of global GHG emissions, it is one of the countries most vulnerable to climate change and this is why climate action is fundamental, and one of the ways to combat this phenomenon is to mitigate GHG emissions through proper management of organic residues”.

Further, Canadian Ambassador Patricia Peña said “it is essential to know the best practices in the financing of sustainable projects, in order to achieve a transition towards low emission economies. In the waste sector, for example, innovative projects that reduce methane emissions bring benefits to local communities, including environmental, health and economic benefits. “

Yolanda Martinez, Representative in Chile of the IDB Group, said “The IDB Group is proud to be associated with this innovative event, specifically focused on discussing ways to unlock sustainable investments in the waste sector. The opportunities to achieve this in Chile are growing and the IDB will accompany the process to provide the necessary support. “

It is noted that the Reciclo Orgánicos Program seeks to promote the reduction of the organic fraction of the municipal waste stream from being disposed of in landfills through improved waste management processes at the municipal level; and therefore reduce greenhouse gas (GHG) emissions associated with this sector.

Another topic that was discussed in the seminar was related to overcoming the limiting factors for modernizing the regulatory framework, the development of adequate promotional instruments for investments in this sector and the strengthening of technical capacities of public and private actors. “According to the inventory of GHG emissions related to the waste sector in 2016, close to 75% is associated with final disposal; so the coordinated promotion of multiple measures to reduce emissions in this area is a crucial challenge for the sector”, said Gerardo Canales, General Coordinator of the Reciclo Orgánicos Program.

With the development of this first seminar on the subject, it is expected that the Program will contribute to Chile’s INDCs under the Paris Agreement to reduce CO2 emissions per unit of GDP by 30% (of 2007 levels) by 2030.

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