The Minister of Finance, Ricardo Bonilla, referred to environmental impact projects during the fall meetings of the International Monetary Fund (IMF), and He argued that it is necessary for public and private banks to modify their valuation parameters for investment projects.
(Read: ‘We have tons of evidence of the negative effects of labor reform’).
For the minister, it is imperative to proceed towards actions that contribute to the decarbonization of the planet. To date, projects aimed at this type of initiative have been at a disadvantage compared to those that offer greater profitability, such as mining-energy projects.
“If we continue with those types of parameters, we will never decarbonize the planet. Here we must modify the parameters of comparison and we must allocate greater resources, but they must be effectively directed at collaborating so that the countries that are in the areas of the world where oxygen can be recovered, we can structure these projects in a better way.”Bonilla said.
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A second line points to the lack of technical components of this type of initiatives, a factor that contributes to their disqualification due to shortcomings in their structuring.. According to Bonilla, the challenge is to bring them to the parameters of valuation and granting of resources, particularly in South America, home of one of the most important lungs for the planet: the Amazon.
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“We need to restructure projects that contribute to the decarbonization of the planet, allocate resources and value them in a different way to how profitability is valued”concluded the minister, who in turn invited those attending the meetings to participate in COP16, which is taking place in Cali and will run until November 1st. He also called them to the financial debates scheduled for October 28 and 29.
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