The private sector has an important role to play in improving management of natural capital. The scale of financing needed to address climate change and other environmental challenges requires private sector involvement. A lot of good work has already been done by the private sector and the IDB itself supports private sector investment in natural capital. However, despite … [Read more...] about What is holding back the private sector from natural capital investments?
Three Reasons to Measure the Carbon Footprint of the Port of Manzanillo
When I think about the climate change scenarios for periods such as 2030-2050 or 2070-2090, they seem so far off that I hardly imagine I'll even be around then. In this sense, "global warming" as a daily reality doesn't feel like it affects me very much at all. Nevertheless, this reality does not seem so distant when discussing investments in infrastructure and even less so … [Read more...] about Three Reasons to Measure the Carbon Footprint of the Port of Manzanillo
Are Invasive Species as evil as we make them out to be?
IDB has a clear policy against supporting projects that may introduce invasive species. While on its face this is a logical, clear-cut policy, it can become complex upon implementation. What exactly are invasive species, and how can the Bank follow both the spirit and letter of this policy? An invasive species is defined as any species that causes problems for the … [Read more...] about Are Invasive Species as evil as we make them out to be?
Ecotourism: An instrument for valorization and distribution of biodiversity’s benefits
Some countries in Latin America have been implementing the creation of new protected areas as a strategy to safeguard ecosystems and their biodiversity. Costa Rica and Panama, for instance, count more than 30% of their territory under the administration of the National Systems of Protected Areas, demonstrating, at least on paper, the importance of biodiversity for national … [Read more...] about Ecotourism: An instrument for valorization and distribution of biodiversity’s benefits
The carnival of climate change adaptation
If I were to say to you “Carnival” “Trinidad and Tobago” “Buccoo Reef” in quick succession...you would follow me -- because this makes sense, right? But what if I throw in “climate change adaptation”?! Now you may be lost. It is ok; I’ll explain. With the increasing challenges that climate change is creating for our planet and the greenhouse gas emissions profiles for most … [Read more...] about The carnival of climate change adaptation