Transport has become one of the main sources of greenhouse gas emissions in the energy sector in Brazil. Data from the Climate Observatory show that the sector accounted for 47% of total energy emissions in 2019, with cargo transport accounting for 40% of this total – emissions come mainly from the burning of fossil fuels, especially gasoline and diesel. This context makes … [Read more...] about Infralog: A route for the decarbonization of the transport sector in Brazil
Last November, delegations from 197 countries gathered in Glasgow for the United Nations Climate Change Conference (COP26). During the summit, the IDB Group announced an aspirational target to align all its loans and projects with the Paris Agreement (PA) by the start of 2023. To explain what this means, let us return to one of the PA’s main objectives: to ensure a pathway … [Read more...] about Paris Alignment: An Opportunity to Strengthen Economies with Low-Carbon and Climate-Resilient Investments
A central theme of the talks at the Glasgow climate summit is how countries can mobilize the private sector to finance decarbonization. In a workshop that the IDB group organized with Fundación Chile yesterday , we discussed some solutions – beyond green financial regulations, concessional climate funds, and carbon markets – that are often overlooked in … [Read more...] about Rethinking private financing of climate action with Chile
The entire GDP of Thailand. That is what governments globally spend every year on harmful agriculture subsidies. That is 470 billion dollars per year that incentivize the overuse of fertilizers, water, or expansion of agricultural land into other ecosystems, with associated costs on the environment and the health of farmers and consumers. This recent finding from a joint UN-FAO … [Read more...] about How can we plan for agriculture and land-use policies consistent with net-zero emissions development?
Climate change is one of the main systemic and complex challenges the global community is dealing with in this century. Although countries are increasing their climate ambitions and more climate action momentum is visible recently, the world is still on a catastrophic pathway to global … [Read more...] about How NDC INVEST is powering climate action in Latin America and the Caribbean