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FILE PHOTO: European Union flag in Brussels
SANTIAGO, April 12 (Archyde.com) – The European Union is making progress on a plan to support decarbonization and the circular economy in Latin American countries and currently has a portfolio of projects with an investment of 125 million dollars, leaders of the European Union said on Tuesday. a project financed by the bloc.
The Low Carbon Business Action (LCBA) is intended to finance technical assistance to initiatives that allow the transition of firms from Argentina, Brazil, Chile and Colombia towards a circular and low carbon economy.
“The project has a deadline of September 2023 and between the four countries we are obliged to close at least 160 commercial operations with an average of one million euros each,” said Alfredo Caprile, leader of the LCBA regional team, in a presentation.
The executive said that to date they have managed to close 32 agreements between companies in the region with European firms, which represent a portfolio of opportunities of 125 million euros.
The support, which seeks to connect regional companies with European technology providers, is directed towards areas such as financial coaching and legal advice.
The LCBA is also implemented in Canada and Mexico.
Paul Critician, in charge of the project in Chile, said that seven projects with a capex of 26 million euros have been approved in the South American country, focused on sectors such as forestry, energy and mining.
Three other biogas initiatives for around 3.4 million euros are also regarding to receive the bloc’s approval.
(Report by Fabián Andrés Cambero, edited by Natalia Ramos)
