Despite being a relatively new agenda in the region, public and private actors in Latin America and the Caribbean actors are increasingly looking at the growing risks a changing climate brings to financial markets. The Inter-American Development Bank (IDB) has mapped current financial practices responding to climate change in the region, and suggested steps that could be … [Read more...] about Four myths about climate risk and financial systems in Latin America
Climate change
Nature-based solutions can put the brakes on the climate crisis
Latin America and the Caribbean alone holds 40% of the world's biodiversity. This natural capital is not properly valued in national accounts and cannot compete with other investment priorities. During COP25 in Madrid, under the presidency of Chile, countries around the world discussed the various avenues for development, decarbonization plans and technological innovations … [Read more...] about Nature-based solutions can put the brakes on the climate crisis
Assessing disaster and climate risk is a crucial step to project resilience
A new methodology, created by the Inter-American Development Bank (IDB), aims to assess disaster and climate change risks in the preparation, implementation, and operational phases of projects, to increase their resilience. The IDB’s ‘Disaster and Climate Change Risk Assessment Methodology’ report, takes a multifaceted and integrated approach to seize adaptational and … [Read more...] about Assessing disaster and climate risk is a crucial step to project resilience
What are nature-based solutions and why do they matter?
Private sector uptake of nature-based solutions for climate resilient infrastructure in Latin America and the Caribbean has been limited to date, and their full potential is not being realized. These are the findings from a recent study which examines the barriers and enablers to private sector uptake of Nature-based Solutions in Latin America and the Caribbean. The project, … [Read more...] about What are nature-based solutions and why do they matter?
Developing sustainable livelihoods in Guatemala’s dry corridor
By prioritising the recovery of natural capital and ancestral practices, communities in Guatemala are strengthening their resilience to climate change-induced droughts. The ‘Dry Corridor’ is an ecological region of Central America, which encompasses some of Guatemala, and is particularly vulnerable to increasingly irregular rainfall, suffering from both severe droughts and … [Read more...] about Developing sustainable livelihoods in Guatemala’s dry corridor