The public transport sector in Ecuador has been one of the most affected sectors in the country by the pandemic. Initially, there was a significant drop in demand since in order to reduce infections the confinement of the population was imposed and mobility restricted. The country's current situation reflects its vulnerability to the health emergency, but its essential role … [Read more...] about Guayaquil’s electric buses show potential of local implementation of NDC to support a sustainable recovery
Climate change
Cash transfers can support the response to COVID-19 and build resilience to climate change
Social protection is a solution to address the impact of both COVID-19 and the climate crisis, but the most vulnerable must be identified quickly. The pandemic crisis is hitting Latin America and the Caribbean very hard. It will cause up over 5 percent of GDP growth reductions this year. The economic slowdown is causing unprecedented disruption to the lives of LAC citizens. … [Read more...] about Cash transfers can support the response to COVID-19 and build resilience to climate change
Developing solutions for climate adaptation and resilience is a business opportunity for SMEs in Latin America and the Caribbean
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
What does a sustainable recovery look like after COVID-19?
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?
Capital markets can play a big role in boosting sustainable infrastructure investments
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