Uruguay’s success in climate action lies in its robust national policies, supported by strong private sector and civil society participation, which have embraced sustainability concepts. Complementing these efforts are ambitious projects backed by the Inter-American Development Bank (IDB). Uruguay's milestones and the challenges it tackles are built on aspects not always … [Read more...] about Uruguay’s Commitment to Climate Action: A Story of Success
decarbonization
10 Key Considerations to Boost Climate Finance in Latin America and the Caribbean
Climate change is one of the greatest challenges of our time, and addressing it requires not only political will but also proper alignment of action planning with public finance and fiscal policy instruments to catalyze the necessary investments. Climate finance strategies are essential tools for planning and assessing climate finance needs and related financial instruments. … [Read more...] about 10 Key Considerations to Boost Climate Finance in Latin America and the Caribbean
How will we finance climate action in Latin America and the Caribbean?
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
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