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Case study

Financing energy transformation at the subnational level in Peru

Language
English
Countries and regions
Peru, Latin America and Caribbean
Action area

Mitigation

Case summary

This project presents Lima’s rapid fuel matrix switch from high sulfur content diesel to Compressed Natural Gas (CNG)— mitigating risks, innovating financial structures, and pioneering information and communication technologies (ICTs) to establish an enabling environment at the local level.

In less than 9 years, the COFIGAS program has created partnerships that put more than 199,276 CNG vehicles in circulation (156,676 vehicles converted from diesel or gasoline and 42,600 new CNG vehicles). In addition, in three years (2009-2011), financing was approved for the acquisition of 714 new CNG buses for public transportation.

Planning and implementation activity
Developing and Implementing Policies and Measures, Financing Implementation
Institutions involved

National Development Bank of Peru, INFOGAS

Sectors and themes
Transport
Source details
LEDS Global Partnership

Results supported byUNDPWorld Resources InstituteTransparency partnership