December 2023 will mark the 8th anniversary of the adoption of the Paris Agreement (PA). Since then, progress has been made toward the treaty’s goals. In Latin America and the Caribbean (LAC), sustainability-linked bonds reported under the Green Bond Transparency Platform over the past two years have achieved the avoidance/reduction of over 36.5M tCO2, - a figure roughly … [Read more...] about It Takes a Village: Innovation and Change in the Pathway Toward Paris Agreement Alignment
Climate change
What can Carbon Prices Achieve in Latin America and the Caribbean?
Getting to net-zero emissions is essential to achieve the goals of the Paris Agreement. A key question is how much carbon pricing can help reduce emissions, stimulate low-carbon investment, and fund emission captures. Indeed, carbon pricing generates various expectations. Some expect carbon pricing to incentivize technological change consistent with full decarbonization. Others … [Read more...] about What can Carbon Prices Achieve in Latin America and the Caribbean?
How is the NDC Pipeline Accelerator Trust Fund helping LAC move closer to realizing the Paris Agreement Targets?
Countries continue to invest in low-carbon and climate-resilient development, reducing the probability of new environmental and social crises emerging in the foreseeable future. The IDB continues to use concessional finance and technical assistance to ramp up climate action and support Latin America and the Caribbean (LAC) countries facing the climate crisis. The LAC region … [Read more...] about How is the NDC Pipeline Accelerator Trust Fund helping LAC move closer to realizing the Paris Agreement Targets?
Earth Day: a friendly reminder to address the climate crisis!
April 22 is Earth Day and it is a reminder of one of the most pressing issues we face today: climate change. This year's Earth Day coincides with the just recent launch of the IPCC's sixth assessment report on climate change, making it a particularly significant occasion. The report's findings highlight the urgent need for action to address the climate crisis and protect our … [Read more...] about Earth Day: a friendly reminder to address the climate crisis!
Environmental Finance Recognizes IDB’s Financial Transactions in Barbados and Uruguay
Leveraging additional finance to support the sustainability goals is crucial to address the financial gap for climate and biodiversity challenges in Latin America and the Caribbean. The Inter-American Development Bank is committed to supporting its member countries in achieving their ambitions under the Paris Agreement and the Montreal-Kunming Global Biodiversity Framework, and … [Read more...] about Environmental Finance Recognizes IDB’s Financial Transactions in Barbados and Uruguay