Nature is humanity’s most important asset. It provides us with the raw ingredients for most modern medicine, the air we breathe and the food we put on our tables. All economic activities also fundamentally rely on these services to some extent, with estimates suggesting that a massive USD 44 trillion – over half of global GDP— of the global economy is highly or moderately … [Read more...] about Can investing in nature save us from ourselves?
Looking back over the IDB’s last 15 years of improving lives in Latin America and the Caribbean, our support to Costa Rica’s National Decarbonization Plan stands out as a framework for the future. The IDB’s collaboration with the Government of Costa Rica shows how development institutions can effectively promote synergies between advancing countries’ sectorial development … [Read more...] about Costa Rica’s Decarbonization Plan provides a framework for the future
Social protection is a solution to address the impact of both COVID-19 and the climate crisis, but the most vulnerable must be identified quickly. The pandemic crisis is hitting Latin America and the Caribbean very hard. It will cause up over 5 percent of GDP growth reductions this year. The economic slowdown is causing unprecedented disruption to the lives of LAC citizens. … [Read more...] about Cash transfers can support the response to COVID-19 and build resilience to climate change
By Juan Pablo Bonilla, Manager of the IDB's Climate Change and Sustainable Development Sector and Ana María Loboguerrero, Head of Global Policy Research at CCAFS. Preventing the expansion of agricultural land into high-carbon landscapes is one of the actions to reduce emissions in food systems. We are in a time of crisis and great uncertainty. COVID-19, besides being … [Read more...] about What is in the soil, stays in the soil: Conserving carbon in our soils to transform food systems
In 2019, the Inter-American Development Bank Group celebrated its 60th anniversary. Over the last six decades, it has played a transformative role in Latin America and the Caribbean to promote development. As we reflect upon many of these positive advances and look ahead, what will our contribution to the region be over the next decades? This deliberation must consider that … [Read more...] about Getting to net-zero emissions is possible, necessary and can bring multiple economic benefits