Latin America and the Caribbean is a biodiversity superpower, with around 60% of the world’s terrestrial species found in the region. This abundant natural capital provides important benefits for human development and impacts on biodiversity can adversely affect the delivery of ecosystem services. The Environmental and Social Performance Standard 6 (ESPS 6) of our new … [Read more...] about Protecting all life on Earth: sustainable management of biodiversity in projects
Ecosystems and Biodiversity
Although our economies are bound by the important asset of nature, we continue to underinvest it in. This is the powerful argument set out by the Dasgupta Review, a recently published independent global report commissioned by the UK Treasury to study the economics of biodiversity. It focusses on how we, as a global community, must rethink the way nature and … [Read more...] about The post-covid recovery must be an investment in nature
Forests are the crown jewels of Latin America and the Caribbean’s (LAC’s) ecological endowment. The region boasts roughly half of the world’s tropical forests and a quarter of its mangroves. But LAC forests face extraordinary challenges in the 2020s. They are being cleared and degraded at an alarming rate. Climate change is altering forest functioning, plant growth, and tree … [Read more...] about Latin American and Caribbean forests in the 2020s: Four teams of experts weigh in
Nature is humanity’s most important asset. It provides us with the raw ingredients for most modern medicine, the air we breathe and the food we put on our tables. All economic activities also fundamentally rely on these services to some extent, with estimates suggesting that a massive USD 44 trillion – over half of global GDP— of the global economy is highly or moderately … [Read more...] about Can investing in nature save us from ourselves?
Latin America and the Caribbean have made great progress in the sustainability agenda in the last twenty years. These advances include the adoption of the Equator Principles among leading financial institutions in the region, the adoption by borrowing countries of modern labor standards in cooperation with the International Labor Organization (ILO), and the Escazú Agreement, … [Read more...] about Three things you need to know about the IDB’s new Environmental and Social Policy Framework