Data, knowledge and accelerating energy transition investments (IADB-RG-T4078)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 6, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The general objective of this Technical Cooperation (TC) is to further promote through the Energy HUB the use of available data and information to monitor the energy transition policy goals and allow evidence-based decisions to policymakers and regulators in Latin America and the Caribbean (LAC) countries. The specific objective of this TC is to make improvements to the digital platform and develop at least two new databases and analytical visualizations for the region, including the creation of energy transition jobs with a focus on gender equity, and the energy transition industrial value chain. The inclusion of these topics in the Energy HUB platform is fully aligned with the main pillars of IDB's Vision 2025.
The Energy HUB takes data and information from several verified sources to support a cross-cutting analysis of the LAC energy landscape. In this way, the Energy HUB contributes to improving the collection of data, allows for data comparability, analysis, and dissemination, and promotes research and innovation in energy. The Energy HUB works together with the six organizations, OLADE, IRENA, ARIAE, SE4All, WRI, and ECLAC. This promotes collaboration and transparency across the region.
To guarantee the continuity of the project, it is necessary to secure the technical cooperation funds in the first semester of 2022 to contract experts to update and improve the Energy HUB services. Continuity is essential to the success of the Energy Hub. To avoid any interruption in the project, it is central to keep the databases updated and the platform running online. Moreover, considering the current requirement of information in the context of the vision 2025, it is crucial to start the development of the new databases. It should include surveys about the labor market transformation and develop a methodology and a database to follow the energy transition value chain. Thus, having the fund in the first semester of 2022 will allow to contract experts and firms during the second semester of 2022 and have the first results before the end of the year.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works