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  • The Páramo Wildfire Resilience Facility is a proposed financial vehicle designed to protect Colombia's high-elevation páramo ecosystems from catastrophic wildfires. It utilizes a two-pronged approach: a parametric insurance policy to provide rapid liquidity for emergency fire suppression and an adaptation and recovery trust fund for long-term risk mitigation and ecosystem restoration. The facility targets ecosystem service beneficiaries, such as water utilities and corporations, to fund these activities, aiming to safeguard the drinking water supply for millions of people in the Bogotá metropolitan area.

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    Themes: ecosystem-based adaptationwater securitynature-based solutionsadaptation finaceecological restoration
    Climate Policy Initiative

    Document type: Report

    Regions: ColombiaBogotá
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