A recent edition of the British magazine, The Economist, said that 2021 will likely be one of the coldest years of the 21st century (even though this has already been the hottest decade in history) as the international community has been unable to reduce emissions, which are driving global warming. To avoid this scenario, we need to limit the increase in the global average … [Read more...] about It’s time for finance ministries to take climate action to the next level
Despite the pandemic, an IDB platform continues to support Latin American and Caribbean (LAC) countries transition towards net-zero emission and climate-resilient economies. NDC INVEST, a platform created by the Inter-American Development Bank, is considering ways it can best help nations during the pandemic, and how to deliver assistance to support an economic recovery … [Read more...] about NDC INVEST supports Latin American climate action during coronavirus
Climate change is not only an environmental challenge, but also a political, economic and social one. Projections indicate that, if the current emissions trajectory continues, the global average temperature of the planet will exceed by 3°C the average temperature observed at the beginning of the 19th century, generating an unprecedented impact on the history of humankind. … [Read more...] about How Much Are Governments Spending on Climate Change and Where Does it Go?
The achievement of the Paris Agreement is compromised. The Nationally Determined Contributions (NDCs) presented today cannot limit global warming to well below 2 degrees Celsius. Thus, it is extremely urgent to accelerate the transformation of the global economy to avoid more extreme climate impacts. Ambition is the keyword of the COP 25 in Chile: countries, under the ambition … [Read more...] about NDC Invest strengthens collaboration for an operational and ambitious Paris Agreement