Getting to net-zero emissions is essential to achieve the goals of the Paris Agreement. A key question is how much carbon pricing can help reduce emissions, stimulate low-carbon investment, and fund emission captures. Indeed, carbon pricing generates various expectations. Some expect carbon pricing to incentivize technological change consistent with full decarbonization. Others … [Read more...] about What can Carbon Prices Achieve in Latin America and the Caribbean?
Raúl Delgado
Raul Delgado is Lead Climate Change Specialist at the Inter-American Development Bank (IDB), where he participates in the planning and execution of the work agenda of the Climate Change Division. She also leads the NDC Invest platform, which is the main tool of the IDB Group to support the efforts of the countries of the Region in the design and implementation of their climate change policies and actions in the framework of the objectives of the Paris Agreement. Economist, his areas of expertise are public policy, multilateral financing and structuring of public projects. He has more than 18 years of experience working in Mexico's Ministry of Finance and Public Credit in various positions, including leading the institutional strategy with international financial organizations, as well as preparation and execution of the country's operations with these organizations. Between 2007-2011 and 2015-2017 he was also responsible for incorporating climate change issues in the agenda of the Secretariat, served as Focal Point and Board Member before the GEF, was Board Member of the Green Climate Fund and focal point for the Climate Investments Funds. Between 2011 and 2014, he was Senior Advisor to the Executive Director for Mexico at the IDB.
It’s time for finance ministries to take climate action to the next level
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
NDC INVEST supports Latin American climate action during coronavirus
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
How Much Are Governments Spending on Climate Change and Where Does it Go?
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?
NDC Invest strengthens collaboration for an operational and ambitious Paris Agreement
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