In the last decade, the Central American Bank for Economic Integration (CABEI) has promoted an important evolution in the management, instruments, mechanisms and solutions to finance climate action in the Central American region for a total amount of 10,739 million dollars.

Costa Rica is the country with the largest participation in CABEI’s climate approvals, reaching an amount of 4,115 million dollars aimed at mitigation and adaptation to climate change. Regarding mitigation, through projects that promote the reduction of Greenhouse Gas (GHG) emissions by the implementation of energy efficiency measures, electric transportation and public policies aimed at decarbonizing the economy. While in the case of adaptation to climate change, the approvals have been oriented towards the sustainable management of water resources, flood control, resilient agriculture and disaster risk management from building community resilience to reducing vulnerabilities.

The portfolio of climate projects in Costa Rica includes the Electric Train, projects such as the Water Supply for the Middle Basin of the Tempisque River and Coastal Communities (PAACUME), or various projects related to access to drinking water, sanitation and sewage; as well as other iconic renewable energy such as Pailas I, the first geothermal plant in Central America, and several hydroelectric plants such as Reventazón, Cachí and Pirrís.