CAF will reach 35% green financing in 2024
November 19, 2024
With the support of CAF, Development Bank of Latin America, the Metropolitan District of Quito (DMQ, for its acronym in Spanish), developed a new Master Plan for the Comprehensive Management of Residues (PMGIR, for its acronym in Spanish) for the 2016-2025 period, based on an effective, efficient, and innovating management of waste generation, collection, use, and final disposal processes under the concept of zero waste
July 06, 2016
The DMQ is the second most inhabited city in Ecuador, generating 2,000 daily tons of waste that are deposited in the landfill site of El Inga, which has a limited capacity and is threatened in the short term. It requires a comprehensive treatment that includes aspects of technical sustainability, financial, management, socio-cultural, environmental, institutional, and political.
With this objective, CAF subscribed a Technical Cooperation for the formulation of the PMGIR by the Secretariat of the Environment, which included the diagnosis of the current scenario; the comprehensive management model considering the types of current and future residues; the Master Plan for the Comprehensive Management of Residues in the DMQ for the 2016-2025 period, which describes programs, projects, objectives, goals, and generation indicators of the cleaning of public spaces in the DMQ, collection, use, treatement, and final disposal of residues; the effective organizational model; an economic financial system that guarantees the economic or self-sufficiency sustainability of the waste management system, and a new regulatory framework that contributes clarity, definition of competencies, and actors involved.
The project is framed within CAF's Environmental agenda, and complements other supports aimed at improving the quality of life of the inhabitants of the Metropolitan District of Quito, such as financing for the Empresa Pública Metropolitana de Aseo (EMASEO) (Metropolitan Public Cleaning Company) for the acquisition of collection and final disposal equipment for solid residues.
This operation has the potential of impacting on the reduction of greenhouse gasses, opening possibilities for the project to access lines of green financing in the future.
November 19, 2024
November 19, 2024
November 19, 2024