The economic impact of climate events in the Caribbean is among the highest in the world. Improving the resilience of buildings is vital to increase preparedness to the impacts of climate change and is economically viable for many building typologies in high-risk Caribbean countries. Although resilient buildings generate long-term savings, in most cases, they come with … [Read more...] about Building resilience comes at a higher initial cost. How can we better finance it?
Infrastructure and Sustainable Landscapes
The cost of (not) building resilient infrastructure in the Caribbean
We all know that to build more resilient infrastructure, we need to invest more; but how much more is enough? Our last blog showed that the Caribbean islands lose an average 2% of their capital stock in infrastructure because of climate-related events every year. This would be equivalent to having all the infrastructure capital stock in the Caribbean islands … [Read more...] about The cost of (not) building resilient infrastructure in the Caribbean
Driving financial innovation and investment for nature-based solutions in Latin America and the Caribbean
Latin America and Caribbean is a biodiversity powerhouse, hosting over 40% of the world’s biodiversity, 12% of its mangrove forests, 10% of its coral reefs and its largest expanse of wetlands. It also faces a pressing need for better protection and management, especially in the face of climate change. Latin America and the Caribbean lost more … [Read more...] about Driving financial innovation and investment for nature-based solutions in Latin America and the Caribbean
Colombia advances towards sustainable infrastructure
As infrastructure generates 70% of greenhouse gas emissions globally, to achieve significant global emission reductions it is essential to promote a low carbon economy in the coming decades. In Latin America, however, Gross-Domestic-Product (GDP) investment levels in infrastructure have not matched green growth objectives in recent years. In the case of Colombia, around 7% of … [Read more...] about Colombia advances towards sustainable infrastructure
Resilient infrastructure is critical for planning for an uncertain future
The 2020 hurricane season reminds us of the importance of infrastructure services in limiting the spread of Covid-19. Natural disasters can damage infrastructure assets, such as health clinics, water pipes, and communication lines. This would prevent covid-19 patients from receiving care, hinder handwashing efforts, and delay contact tracing. Extreme climate events that … [Read more...] about Resilient infrastructure is critical for planning for an uncertain future