To maintain global warming below 2°C, the world needs to switch to carbon-free electricity. But energy investors seem to disagree. Coal, gas, and diesel plants are a big chunk of the trillions of dollars scheduled to be invested in expanding power production capacity over the coming years. Those investments are at risk of becoming stranded assets. They may need to be shut … [Read more...] about A Fifth of Power Plants Globally Could Need to be Stranded to Meet Climate Goals
Can climate change have an impact on Latin American and Caribbean jobs? Although they might seem as unrelated matters, the reality is that climate change has the potential to disrupt labor markets in the region both directly (through events such as floods, hurricanes, heat waves, and changes in precipitation patterns) and indirectly (through changes in regulations and policies … [Read more...] about How Does Climate Change Affect Latin American and Caribbean Jobs?
Coal by Thomas Bresson - COPYRIGHT © (CC BY 2.0) - FLICKR Zero carbon emissions, before the end of the century. This is what it will take to stabilize global temperature below 2°C above pre-industrial levels, the objective countries have set during the Paris Agreement. Academics and government agencies around the world agree reaching zero emissions is technically possible. … [Read more...] about Three steps to a zero carbon future
Let’s imagine you are a decision maker in Central America and you need to protect your citizens from ever more frequent extreme weather events fueled by climate change. You face two options: Project A is a dike that costs $90 million to build, prevents on average $15 million of losses per year. Project B is also a dike, a little more expensive, it costs $100 … [Read more...] about Building resilience to climate change can simply mean pay more attention to poor people.