Last November, delegations from 197 countries gathered in Glasgow for the United Nations Climate Change Conference (COP26). During the summit, the IDB Group announced an aspirational target to align all its loans and projects with the Paris Agreement (PA) by the start of 2023. To explain what this means, let us return to one of the PA’s main objectives: to ensure a pathway … [Read more...] about Paris Alignment: An Opportunity to Strengthen Economies with Low-Carbon and Climate-Resilient Investments
“A 2-degree Celsius rise in global temperature would be a ‘death sentence’ for island and coastal communities”, Prime Minister of Barbados Mia Mottley said during a powerful speech at the World Leaders Summit on the second day of the 26th UN climate summit (COP26) in Glasgow. Mottley highlighted how failure to provide critical climate finance to small island developing … [Read more...] about How is climate change impacting small islands in the Caribbean?
From October 31st through November 12th, the UK will host the 26th Conference of the UN Framework Convention on Climate Change (COP26) in Glasgow. Amid the pandemic, the annual summit will be a key moment in the global efforts to tackle the climate crisis and send strong signals on the implementation … [Read more...] about Why is COP26 key for Latin America and the Caribbean?
The recently released 6th Assessment Report of the IPCC has provided further insights on climate science and they confirm the projections being shared for some years. Along with the clear message that human influence has warmed the climate at a rate that is unprecedented in the last 20,000 years, the report underlines that climate change is already affecting every inhabited … [Read more...] about Barbados demonstrates climate leadership with an ambitious updated NDC
The Paris Agreement rulebook has yet to be finalized in Glasgow. COP26 will have to ensure negotiations deliver on rules that will operationalize market and non-market mechanisms for the mitigation of GHG emissions, namely finalize Article 6 of the Paris Agreement. The use of carbon markets as a mechanism to reduce/compensate Greenhouse Gas (Ghg) emissions has been included … [Read more...] about Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?