Policy & Governance Enablers Source Metadata Field Value source cpi source_version GLCF 2025 source_id CPI-XS-002 sector Cross-Sectoral subsector Policy & Governance Enablers mitigation Y adaptation Y last_checked 2026-05-26 CPI Definition & Scope Policy and Governance Enablers in CPI's GLCF framework tracks climate finance directed at building the institutional, regulatory, and policy capacity needed to catalyze and sustain climate investment across all sectors. CPI captures investment in national climate planning (NDC development and implementation), climate finance readiness programs, green taxonomy development, sustainable finance regulation, climate governance capacity building, and just transition policy frameworks. These investments create the enabling environment that determines whether sector-specific climate finance can be effectively deployed. Subsectors & Examples NDC Implementation — national climate plan development, sector-specific climate strategies Green Taxonomies — national classification systems defining climate-aligned activities Sustainable Finance Regulation — disclosure mandates, green bond standards, climate risk regulation Climate Finance Readiness — GCF accreditation, project pipeline development, institutional capacity Just Transition Frameworks — social protection for affected workers, economic diversification planning Mitigation & Adaptation Classification Policy and governance enablers are classified as dual-benefit in CPI's framework. These investments create conditions for both mitigation (through climate policy, carbon pricing, and green finance regulation) and adaptation (through national adaptation plans, climate-resilient development frameworks, and disaster risk governance). The enabling nature of policy and governance makes them inherently cross-cutting between mitigation and adaptation objectives. LATAM Relevance Latin America is advancing on climate governance. Colombia's green taxonomy (Taxonomia Verde) was one of the first in the region and guides financial sector climate alignment. Peru's NDC implementation framework and climate change framework law create the regulatory basis for scaled climate finance. Costa Rica's National Decarbonization Plan is considered one of the most ambitious in the developing world. Regional bodies like the Pacific Alliance and the IDB support harmonized sustainable finance standards across Latin American markets. Cleantech Taxonomy Crosswalk Maps to Cleantech Taxonomy sector XS (Cross-Sectoral) for policy and governance. Cross-references with all other sectors as policy enablers create conditions for sector-specific climate investment. Particularly relevant to IC (ICT) for transparency and reporting infrastructure.