The recent apocalyptic image of the ocean on fire in the Gulf of Mexico following a raptured gas pipeline was reminiscent of the Lord of the Rings. Yet the world’s reliance on fossil fuels and their disastrous impact on global warming and the environment is far from fantasy. The burning of coal, oil and gas is the dominant source of greenhouse gas emissions driving the … [Read more...] about Are Latin America’s fossil fuels at risk of becoming stranded assets this decade?
Barbados demonstrates climate leadership with an ambitious updated NDC
The recently released 6th Assessment Report of the IPCC has provided further insights on climate science and they confirm the projections being shared for some years. Along with the clear message that human influence has warmed the climate at a rate that is unprecedented in the last 20,000 years, the report underlines that climate change is already affecting every inhabited … [Read more...] about Barbados demonstrates climate leadership with an ambitious updated NDC
Protecting all life on Earth: sustainable management of biodiversity in projects
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
Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?
The Paris Agreement rulebook has yet to be finalized in Glasgow. COP26 will have to ensure negotiations deliver on rules that will operationalize market and non-market mechanisms for the mitigation of GHG emissions, namely finalize Article 6 of the Paris Agreement. The use of carbon markets as a mechanism to reduce/compensate Greenhouse Gas (Ghg) emissions has been included … [Read more...] about Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?
It’s time for finance ministries to take climate action to the next level
A recent edition of the British magazine, The Economist, said that 2021 will likely be one of the coldest years of the 21st century (even though this has already been the hottest decade in history) as the international community has been unable to reduce emissions, which are driving global warming. To avoid this scenario, we need to limit the increase in the global average … [Read more...] about It’s time for finance ministries to take climate action to the next level