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?
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
National development banks (NDBs) have historically promoted growth and development worldwide by supporting public policies and accelerating their targets. Nevertheless, there has been an important renaissance of NDBs in the last decade for two main reasons. Firstly, the 2007/09 major financial crises, and even more the COVID-19-caused crisis, led NDBs to significantly increase … [Read more...] about The future of national development banks and the green recovery
Latin America and the Caribbean (LAC) is highly vulnerable to the effects of climate change, which include, amongst others, sea-level rise, natural disasters, changing precipitation and temperature patterns with respective negative impacts on livelihoods, health, productivity, infrastructure, and food security. To further reduce poverty and inequality and to ensure sustainable … [Read more...] about How to identify climate resilience opportunities and metrics in financing operations
The consequences of the climate crisis are being experienced around the world. From intense flooding in Turkey and China, scorching heatwaves across the United States, to deadly wildfires in Greece. Extreme weather events have become more intense and more frequent – and it’s only expected to get worse. Earlier this week the Intergovernmental Panel on Climate Change (IPCC) … [Read more...] about Latin America and the Caribbean has an opportunity to avert climate catastrophe