The parties also agreed to promote renewable energy, energy efficiency and biofuels; encourage social programs for rural energy supply based on renewable energies; reinforce research and technological development in clean technologies; and encourage energy efficiency measures.
To combat climate change, the IDB and the EC will promote the sustainable use of natural resources; strengthen Latin America's participation in international climate change discussions with a view to enhancing global cooperation on greenhouse gas emission reductions; support mechanisms that financially reward emission reductions and contribute to economic development; and facilitate the transfer of technologies for mitigation and adaptation to climate change.
The agreement also includes efforts to promote the exchange of data, methodologies and other statistical tools; enhance data comparability; and reinforce the development of indicators needed to support the other focal areas.
Inter-American Development Bank
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