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
Climate change
Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?
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?
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
The future of national development banks and the green recovery
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
How to identify climate resilience opportunities and metrics in financing operations
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