The pandemic crisis illustrates our global economic and social fragility and the damage that could be caused by the climate crisis unless we act decisively now. Latin America and the Caribbean is the second-most disaster-prone region in the world, with over 152 million people affected by 1,205 disasters since 2000. The region is already experiencing climate impacts including … [Read more...] about Developing solutions for climate adaptation and resilience is a business opportunity for SMEs in Latin America and the Caribbean
On May 28, IDB President Luis Alberto Moreno hosted an event with Lord Nicolas Stern, professor at the London School of Economics and Political Science, on the importance of climate change policy and what a sustainable recovery from the pandemic could look like. In his introduction, President Moreno said that despite the very difficult challenges countries face to protect … [Read more...] about What does a sustainable recovery look like after COVID-19?
At the Petersberg Climate Dialogue in April, the IMF Managing Director, Kristalina Georgieva, was unequivocal about the need for a green recovery, which she described as a bridge towards a more resilient future. Ms. Georgieva stressed that the decisions made now will shape our economies and societies and the future of humanity given the climate crisis. Among the three tools … [Read more...] about Capital markets can play a big role in boosting sustainable infrastructure investments
Most people recognize that the climate crisis is upon us. Yet there is still a lack of understanding of how to protect businesses and communities from the impacts of climate change. Climate change is increasing risks and impacts across the world, particularly in developing countries where there is less capacity to adapt. By 2030, studies suggest that the cost of making … [Read more...] about Small and medium-sized businesses are among the most innovative enterprises in building climate resilience
For decades, air quality indices in Bogotá and Medellín were not as positive as those presented between March and May 2020, following the mandatory confinement ordered by the government to face COVID-19. Caused by increasing air pollution from emissions from traffic and industrial and productive activities, the constant red, orange and violet alerts had become almost … [Read more...] about Cleaner air helps create sustainable cities in Colombia