Climate change will have broad implications on how financial institutions identify, assess, and manage a range of risks and opportunities. Whether in the form of the physical impacts of climate change or transition risks due to the policies and market shifts to stabilize and reduce greenhouse gas emissions– many financial institutions are gradually recognizing the importance of … [Read more...] about Financial Institutions need tools to address climate risks in their portfolios
Ten elements to ensure you are integrating social issues in development projects
At the Inter-American Development Bank (IDB), we work to improve lives in Latin America and the Caribbean. We do this through financial and technical support and through advancing infrastructure, from roads, bridges and power plants, to water supply, hospitals, housing and much more. Equally as important in our work is to achieve development in a sustainable, … [Read more...] about Ten elements to ensure you are integrating social issues in development projects
3 key actions to tackle climate change in cities
Two-thirds of the Latin American population live in cities and almost 80% in urban areas. This is how Latin America is positioned as the most urbanized region of the developing world, which means that by the year 2050, nine out of ten Latin Americans will live in cities. Rapid urbanization brings opportunities for subnational governments towards sustainable development. The … [Read more...] about 3 key actions to tackle climate change in cities
Five Good Reasons Why Latin American and Caribbean Governments Should Prioritize Tourism in Their Development Agendas
In 2017, tourism generated more than 10% of global GDP, 1 in 10 jobs, 6.5% of total exports and 4.5% of total investment. That same year, Latin America and the Caribbean received more than 114 million international visitors. However, the market share of LAC worldwide remains low, similar to the level ten years ago (around 8%). Given the region´s tourism potential, and the … [Read more...] about Five Good Reasons Why Latin American and Caribbean Governments Should Prioritize Tourism in Their Development Agendas
Why is Electric transport important in Chile and in the rest of the region?
Uruguay inaugurated Latin America’s first electric highway along its coast earlier this year. Charging points line the route affording drivers greater confidence to travel in electric vehicles, which represent a key solution for confronting climate change. Last month, just down the road in Montevideo at the Latin American and Caribbean Climate Week, there was also growing … [Read more...] about Why is Electric transport important in Chile and in the rest of the region?