Latin America & Caribbean Network
Our goals
The objective of the GFANZ Latin America and Caribbean (LAC) Network is to bring together the financial sector across LAC economies to accelerate an inclusive and just transition to a net-zero economy.
The network works to accelerate the net-zero transition in LAC through four key strategic priorities:
- Mainstream and support transition finance and transition planning
- Advance nature in the net-zero financial architecture
- Enable capital mobilization to address LAC’s investment gap
- Grow the reach and tailored programming of the Network through country-tailored engagement
Resources
About
Latin America and the Caribbean contribute less than 10% of global greenhouse gas emissions and yet is one of the most vulnerable regions to a diverse set of climate-related risks. However, it is also well positioned to take advantage of climate-related opportunities and help to lead global climate solutions; from the region’s tropical primary rainforests which, if protected from deforestation, are critical for carbon storage and biodiversity, to the vast potential of expanding renewable energy including wind, solar and geothermal, for energy security and sustainability.
The GFANZ Latin America & Caribbean Network works with local financial institutions to accelerate efforts to ultimately unlock climate finance in the region, including through supporting financial institutions on planning for the transition and implementing climate targets, building capacity and engaging with policymakers on actions to accelerate finance mobilization, and in-depth content on region-specific priorities.
Brazil Country Chapter
The Brazil Country Chapter builds upon domestic momentum on climate, linking to regional and global net-zero transition efforts. It works on issues that are particularly relevant to Brazilian financial institutions who are committed to supporting the transition to a net zero economy and also GFANZ’s broader work in Brazil, including efforts to mobilize capital in support of the Brazil Ecological Transformation Plan.
The official announcement of the Chapter was made on February 26th in São Paulo with participation from Mark Carney, representatives of both global and regional GFANZ governance bodies, and partners across Brazil.
Regional Advisory Board
The GFANZ Latin America & Caribbean Network will be guided by the Advisory Board, composed of leading figures from climate and finance in the region, who will provide strategic direction, local and regional expertise, and representation in overseeing the work of the Network’s workplan and outputs.
Patricia Espinosa Cantellano, former Executive Secretary for the United Nations Framework Convention on Climate Change (UNFCCC) and former Secretary of Foreign Affairs of Mexico, will serve as Chair of the GFANZ Latin America & Caribbean Advisory Board and Joaquim Levy, current Director of Economic Strategy and Market Relations at Banco Safra and Former Minister of Finance of Brazil, will serve as Vice Chair. They will be joined by leading experts on climate finance from private, public and civil society sectors, such as:
Regional Network Secretariat and Support
The GFANZ Latin America & Caribbean Network is led by a senior member of the GFANZ Secretariat, Alan Gómez, as the Managing Director of the Network. Alan previously led climate-related initiatives for Citibanamex and was a former member of the Task Force on Climate-Related Financial Disclosures.
The effort to support the development of net-zero-aligned finance, with a focus on developing countries, is one shared by GFANZ’s global partners UNEP-FI and Principles for Responsible Investment (PRI) – the work is done in close coordination with them.