Higher climate risks, higher financial costs Climate risks pose physical and transition risks. Nonetheless, the creditworthiness assessment has yet to distinguish climate risk impacts explicitly. In fact, only after the signing of the Paris Agreement in 2015 incipient studies towards assessing climate risks have been observed, allowing today’s broad acknowledgment of the … [Read more...] about Assessing Climate Risks: Climate Change Impact on Sovereign Ratings in the Caribbean
climate change
Barbados: Turning vulnerability into climate action
“Vision without action is merely a dream. Action without vision is merely passing time. But vision with action can change the world,” said Prime Minister Mia Amor Mottley. These powerful words underline the country's commitment to deliver results and ensure we win the climate change battle, as Barbados has no choice. In a world where the effects of climate change are becoming … [Read more...] about Barbados: Turning vulnerability into climate action
Enhancing Climate Ambition Through Increased Transparency and Open Data in LAC
A recent study published by Nature has estimated that climate change will reduce future global income by about 19% ($38 trillion a year ) in the next 25 years, and underlined that the most socially and economically vulnerable countries will be hit the hardest. Given their vulnerability, but also their concrete climate commitments, countries in Latin America and the … [Read more...] about Enhancing Climate Ambition Through Increased Transparency and Open Data in LAC
“Sí Se Puede”: 3 Key Measures to Advance Towards Prosperous and Carbon-Free Economies
Did you know that development and decarbonization can go hand in hand? Adopting the path towards carbon neutrality can bring significant benefits to our region. These are the main findings of the study "Costs and benefits of achieving carbon neutrality in Latin America and the Caribbean," which examines various options the region can implement to achieve net zero emissions … [Read more...] about “Sí Se Puede”: 3 Key Measures to Advance Towards Prosperous and Carbon-Free Economies
Walking the Talk to 2024 Climate and Biodiversity Agenda
Today, Latin America and the Caribbean stand at a turning point to shape a new sustainable economy. We are presented with a momentous chance to embrace the sustainability revolution as the development opportunity of the 21st century. This journey goes beyond protecting the environment and reducing carbon emissions: it's about creating jobs, improving public health, reducing the … [Read more...] about Walking the Talk to 2024 Climate and Biodiversity Agenda