Ministries of finance are among the most influential decision-makers for climate action. What is their role? Latin America and the Caribbean need between 470 billion and 1.3 trillion dollars annually to address climate change by 2030. So, how are countries in the region going to finance climate action? How will we secure the necessary funding? Delivering the finance calls … [Read more...] about How will we finance climate action in Latin America and the Caribbean?
Accelerating the green fiscal agenda in Colombia
In addition to helping mitigate the climate crisis, addressing climate change in a comprehensive manner has the potential to generate enormous economic and social benefits. In the case of Colombia, progress has already been made in key areas. For example, in 2022, jobs associated with environmental activities related to air and climate protection, wastewater management, as well … [Read more...] about Accelerating the green fiscal agenda in Colombia
Beyond Algorithms: How to Explore the Creative Potential of Generative AI for ESG
Artificial Intelligence (AI) is one of the most popular technology-related terms today. According to Google Trends, searches for this term increased 20-fold over a year and a half (December 2021 to July 2023), as shown in Figure 1. Generative Artificial Intelligence (GAI) is often described as: GAI aims to emulate human intelligence capabilities to create content … [Read more...] about Beyond Algorithms: How to Explore the Creative Potential of Generative AI for ESG
How to assess and optimize public climate spending? Exploring options for Latin America and the Caribbean
The unprecedented challenges posed by climate change demand immediate and effective action by governments and finance ministries to address the challenges of mitigation and adaptation. Addressing the climate crisis will require aligning between 7% and 19% of annual GDP, which will represent spending between $470 billion and $1.3 trillion in infrastructure and social spending … [Read more...] about How to assess and optimize public climate spending? Exploring options for Latin America and the Caribbean
The Need to Strengthen Tourism Regulatory Policy
Regulation frames the relations between the public sector, businesses, and civil society, and shapes how markets function in an economy. Regulation can enhance welfare in society through the protection of public health, environment and other public goods, the promotion of fair competition, and market efficiency; however, the opposite is also true, regulation can generate … [Read more...] about The Need to Strengthen Tourism Regulatory Policy