We live in a world full of uncertainties. The COVID-19 pandemic and the war in Ukraine are but two of the last examples. Climate change similarly comes with uncertainties, and we are seeing it with what happened in Texas in the last winter for instance: an unexpected change of “normal” climate conditions generated a serious humanitarian crisis due to the collapse of the power … [Read more...] about How do we rethink water planning in the face of a future shaped by climate change?
Infrastructure and Sustainable Landscapes
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?
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
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
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