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Financing energy transformation at the subnational level in Peru

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.

Country 
Peru
Region 
Latin America and Caribbean
Action Area 
Mitigation
Planning and Implementation Activity 
Developing and Implementing Policies and Measures, Financing Implementation
Sectors and Themes 
Transport
Source 
LEDS Global Partnership
Language 
English