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?
decarbonization
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
Building a Greener Future: Tools for a Just Transition in Energy Across Latin America and the Caribbean
To address climate change and meet the goals of the Paris Agreement, countries worldwide must undergo profound socio-economic transformations towards carbon neutrality. But what are the social impacts of this transition in Latin America and the Caribbean? How can a just transition be integrated into the climate change agenda? And what actions can governments in the region take … [Read more...] about Building a Greener Future: Tools for a Just Transition in Energy Across Latin America and the Caribbean
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