The next decade is critical to see whether countries can move fast enough to implement plans to adapt to this increasingly complex challenge: the climate and biodiversity crisis. The LAC region benefits from accessing donor resources to address climate change's challenges in their economies, finding ways to increase ambition, and searching for solutions to tackle … [Read more...] about Concessional Resources to Accelerate Climate Action
Climate change threatens lives and economic development in Latin America and the Caribbean. We all heard the news; the earth is warming fast. Scientists said that a surge of heat compromised North America to Antarctica in early July. Tropical Storm Bret hit the eastern Caribbean islands, resulting in torrential rainfall, landslides, and flooding. Air … [Read more...] about Can Latin America and the Caribbean Attend Climate Change and Development Challenge in Parallel?
Imagine waking up in any Colombian city in the mid-century, let’s say the year 2045, with access to 100% renewable energy for a warm shower and having breakfast with coffee from sustainable and low-carbon crops. Think of people heading to work riding an electric or regular bicycle - more affordable and faster - without worrying about traffic or air pollution. Picture cities … [Read more...] about Yes, reducing emissions and generating economic and social benefits in Colombia is possible!
December 2023 will mark the 8th anniversary of the adoption of the Paris Agreement (PA). Since then, progress has been made toward the treaty’s goals. In Latin America and the Caribbean (LAC), sustainability-linked bonds reported under the Green Bond Transparency Platform over the past two years have achieved the avoidance/reduction of over 36.5M tCO2, - a figure roughly … [Read more...] about It Takes a Village: Innovation and Change in the Pathway Toward Paris Agreement Alignment
Getting to net-zero emissions is essential to achieve the goals of the Paris Agreement. A key question is how much carbon pricing can help reduce emissions, stimulate low-carbon investment, and fund emission captures. Indeed, carbon pricing generates various expectations. Some expect carbon pricing to incentivize technological change consistent with full decarbonization. Others … [Read more...] about What can Carbon Prices Achieve in Latin America and the Caribbean?