Mr. Chair, I can speak in general to the outcomes from COP16. Of course, that does not fall under my or my colleague's area of expertise, but we can certainly get more details.
Participating countries at COP16 in October, in Cali, Colombia, failed to reach an agreement on the establishment of a new global nature fund, which had been a proposal championed by developing countries. There was criticism from proponents of the proposal, but progress was made with the adoption of a decision to examine options to enhance multilateral policy coherence on biodiversity and climate change and to better integrate nature and climate change actions.
Canada is also working in partnership with the region on climate change and biodiversity. One of our most long-standing partners has been the Inter-American Development Bank Group. Through the establishment of the Canadian climate fund for the private sector in the Americas, the C2F I and C2F II, and the Canadian net zero and climate resilience accelerator fund, Canada's concessional finance is used to de-risk and catalyze private sector investments in climate change mitigation or adaptation projects.
These projects focus on renewable energy, energy efficiency, climate-smart agriculture and innovative pilot approaches that integrate gender diversity and inclusion into private sector operations. One example is that the C2F II supported two solar energy projects in Brazil. It also used blended finance to achieve stronger gender outcomes by applying a performance-based incentive program to encourage private sector clients to integrate gender considerations into their operations.