[{"bbox": [158, 153, 1074, 312], "category": "Text", "text": "implementation. The country has made important efforts in the last 20 years to improve its regulatory framework to achieve the decarbonisation goals set forth in its NDC. In 2021 it approved the \"National Environmental Policy to 2023\" and the \"National Adaptation Plan (NAP)\", both aiming at reinforcing NDC adaptation measures. In support of these regulations, the Peruvian Government is now preparing the actualisation of the National Climate Change strategy to 2050, which shall be approved at the beginning of 2025."}, {"bbox": [158, 324, 1074, 483], "category": "Text", "text": "Despite substantial progress in developing and advancing a solid legal framework for environmental sustainability, considerable challenges remain in terms of enforceability, capacity, and policy alignment. The fragmentation of natural resources management, the lack of alignment between the sectoral planning and horizontal and vertical coordination between different government levels to advance climate action, including the participation and lack of capacity of subnational governments and representatives, are important constraints that require to be addressed."}, {"bbox": [158, 496, 1074, 682], "category": "Text", "text": "Peru could also make its business environment and public financial instruments climate-sensitive, further aligning its public investments with climate and social objectives, and ensure public procurement incorporates and enforces climate variables. Peru has made advances in developing and disseminating emissions inventories, but public access to climate information is limited. The Government could also encourage the private sector to mobilise the resources needed to bridge the climate finance gap. The National Climate Finance Strategy under development is expected to strengthen the private sector participation in climate action financing."}, {"bbox": [158, 694, 1074, 801], "category": "Text", "text": "The development of financial instruments will contribute to the implementation of the mitigation and adaptation measures proposed for compliance with the country's NDC. In a transversal way, the enabling conditions of the measures require the development and implementation of financing mechanisms and incentives for low-carbon technologies and climate change risk management."}, {"bbox": [158, 813, 1074, 866], "category": "Text", "text": "This project contributes to the implementation of mitigation measures in the waste sector, as well as adaptation measures in the water and sanitation areas."}, {"bbox": [158, 879, 1074, 959], "category": "Text", "text": "Identification of main stakeholders (Duty bearers and Right holders) and corresponding institutional and/or organisational issues (mandates, potential roles, and capacities) to be covered by the action:"}, {"bbox": [158, 972, 358, 996], "category": "Section-header", "text": "**Public sector actors:**"}, {"bbox": [158, 1010, 1074, 1196], "category": "Text", "text": "For actions related to the implementation of sustainable investments, Green Finance Roadmap, and a green taxonomy it is necessary to work with the Ministry of Environment, the lead agency on the issue, as well as with the Ministry of Economy and Finance, to support the enabling conditions for sustainable investments and financing instruments, such as green bonds and the exploitation of solid waste through its transformation. Other key public institutions will be enrolled for consultation and then implementation of the Roadmap: the Central Bank, Regulators of the banking, pension funds and insurance system."}, {"bbox": [158, 1208, 1074, 1286], "category": "Text", "text": "The Ministry of Housing and Construction will also participate in the Action by defining the enabling conditions to be observed by local Authorities and concessionaries for the sustainable management, commercialisation and reuse of water and the valuation of solid waste from construction."}, {"bbox": [158, 1300, 958, 1328], "category": "Text", "text": "The Ministry for Women and Vulnerable populations will also be active in this process."}, {"bbox": [158, 1340, 367, 1364], "category": "Section-header", "text": "**Financial institutions**"}, {"bbox": [158, 1378, 1074, 1563], "category": "Text", "text": "The financial sector is an important actor, which will implement actions that include the environmental component within economic and productive activities. It promotes green finance taking into account social, environmental and economic impacts. Likewise, national, and international development banks and non-supervised financial institutions will be involved in the definition and launch of green bonds and normative aspects related to water, sanitation, and solid waste management. Intermediaries (brokers, agents) and service providers (rating agencies, auditing firms, and consultancies) will be invited as well."}, {"bbox": [962, 1680, 1082, 1705], "category": "Page-footer", "text": "Page 12 of 29"}]