Low Carbon and Circular Economy Business Action (LCBA)
Argentina | Brazil | Chile | Colombia
The European Union is driving an initiative that promotes collaboration between SMEs and clusters from Europe, Canada, and several Latin American countries, with the goal of advancing toward a circular and low-carbon economy. This initiative fosters sustainable business partnerships, supporting the internationalization of European companies and their involvement in joint projects with positive environmental impact.
Inspired by previous successful experiences in Brazil and Mexico, the initiative aims to position the EU as a climate leader by promoting an economic model that decouples growth from greenhouse gas emissions. To achieve this, it connects European companies with American partners interested in green solutions, encouraging the development of commercially viable long-term business projects.
Key activities include identifying relevant stakeholders, promoting the initiative, organizing business matchmaking events, and providing technical support to evaluate collaboration proposals.
IDOM’s main objective with the project LCBA is to facilitate and accelerate the establishment of commercial agreements between European tech SMEs and Latin American companies working on circular economy, energy efficiency, or decarbonization projects. Through this program, a thorough analysis of potential market opportunities in Argentina, Brazil, Chile, and Colombia will be conducted to support the international expansion of European companies in collaboration with multilateral organizations. This is achieved by identifying technological partners and strategic business opportunities. To support this, IDOM provides selected European companies with tailored technical assistance packages designed to help implement their operations and test their technologies, among other services.
IDOM has formed a dedicated team, known as LCBA, responsible for organizing sector-specific events and business matchmaking sessions that bring together companies and ecosystem stakeholders committed to sustainability and carbon emission reduction. The project aims to promote the adoption of advanced cleantech solutions in Latin America while accelerating the transition to more sustainable practices in the private sector.
Competitiveness & Innovation : Decarbonization & green finance : Start-up and scale-up acceleration
CLIENT:
EUROPEAN COMMISSION
SCOPE:
Economic diplomacy
Multilateral organisations
Project cycle
Regional & international cooperation
IFIs