A central theme of the talks at the Glasgow climate summit is how countries can mobilize the private sector to finance decarbonization. In a workshop that the IDB group organized with Fundación Chile yesterday , we discussed some solutions – beyond green financial regulations, concessional climate funds, and carbon markets – that are often overlooked in … [Read more...] about Rethinking private financing of climate action with Chile
How the IDB is scaling up support for Nature-Based Solutions in Latin America and the Caribbean
Nature and biodiversity are taking center stage as a critical theme at COP26 in Glasgow. As governments, the private sector, and multilateral institutions seek to raise ambition in their climate commitments, nature-based solutions (NBS) present a key opportunity to both mitigate and adapt to climate change, while also contributing to other priorities such as economic recovery, … [Read more...] about How the IDB is scaling up support for Nature-Based Solutions in Latin America and the Caribbean
A cautionary tale: the importance of project-level grievance mechanisms
I was born in Montreal, and I have early memories of whizzing around the city on the metro system with my mother. When I was in the first grade, we moved to a new province, to a smaller town with a slower pace, and we got around by car, foot, or bus. Living in the suburbs, I remember the fear of missing the last bus and having to take a long walk from the bus stop. This … [Read more...] about A cautionary tale: the importance of project-level grievance mechanisms
The IDB’s new Environmental and Social Policy Framework in a nutshell
At the Inter-American Development Bank, we believe that the countries of Latin America and the Caribbean can improve the lives of their citizens while protecting the region’s abundant natural resources. As part of our commitment to help achieve sustainable development for our borrowers, the IDB has launched a new Environmental and Social Policy Framework (ESPF), which became … [Read more...] about The IDB’s new Environmental and Social Policy Framework in a nutshell
Three ways NDC Invest can help countries of Latin America and the Caribbean deliver ambitious climate and development agendas
The climate crisis is underway and is increasingly getting hard to ignore. July 2021 joins the one in 2020 as the third warmest July on record globally. Brazil suffered from extremely low temperatures that sent international prices for coffee and sugar higher. Greece went through the worst heatwave since 1987, reaching 46°C in some regions, unleashing devastating wildfires that … [Read more...] about Three ways NDC Invest can help countries of Latin America and the Caribbean deliver ambitious climate and development agendas