The Government of Ecuador (through the National Planning Secretariat, the Ministry of Economy and Finance, and the Ministry of the Environment, Water and Ecological Transition), with the support of the Green Climate Fund, has announced the launch of the “Sovereign Green Bonds Framework of Ecuador”.

The document establishes guidelines, technical mechanisms and instructions necessary to implement the core components of the Green Bond Framework. Projects funded by the issuance these green bonds must meet eligibility criteria. Eligible projects include those focused on the development of renewable energy; sustainable agriculture, land use and protected areas; sustainable and low carbon transportation; sustainable management of natural resources, among others. These programs and projects are expected to contribute to Ecuador’s transition towards sustainable development, based on low emissions and resilience to climate change.