Following the Debt for Nature Conversion in 2022, the IDB continues to support the Marine Spatial Planning Process of Barbados; one key milestone and fundamental pillar is Ocean Literacy. Did you know that the ocean produces over half of the world's oxygen? Yet, despite its critical role, our understanding of the ocean remains limited. The ocean has become a critical player … [Read more...] about Barbados’ Ocean Literacy: Educating and Inspiring Future Generations
Assessing Climate Risks: Climate Change Impact on Sovereign Ratings in the Caribbean
Higher climate risks, higher financial costs Climate risks pose physical and transition risks. Nonetheless, the creditworthiness assessment has yet to distinguish climate risk impacts explicitly. In fact, only after the signing of the Paris Agreement in 2015 incipient studies towards assessing climate risks have been observed, allowing today’s broad acknowledgment of the … [Read more...] about Assessing Climate Risks: Climate Change Impact on Sovereign Ratings in the Caribbean
Barbados: Turning vulnerability into climate action
“Vision without action is merely a dream. Action without vision is merely passing time. But vision with action can change the world,” said Prime Minister Mia Amor Mottley. These powerful words underline the country's commitment to deliver results and ensure we win the climate change battle, as Barbados has no choice. In a world where the effects of climate change are becoming … [Read more...] about Barbados: Turning vulnerability into climate action
Enhancing Climate Ambition Through Increased Transparency and Open Data in LAC
A recent study published by Nature has estimated that climate change will reduce future global income by about 19% ($38 trillion a year ) in the next 25 years, and underlined that the most socially and economically vulnerable countries will be hit the hardest. Given their vulnerability, but also their concrete climate commitments, countries in Latin America and the … [Read more...] about Enhancing Climate Ambition Through Increased Transparency and Open Data in LAC
3 Projects to Celebrate International Oceans Day
International Oceans Day is a reminder of the importance of this ecosystem. The ocean covers more than 70% of the Earth's surface, generates half of the oxygen we breathe and absorbs at least a quarter of the carbon dioxide emitted by human activity. They are also a vital source of food, energy and natural resources for millions of people worldwide. However, the oceans face … [Read more...] about 3 Projects to Celebrate International Oceans Day