The recent apocalyptic image of the ocean on fire in the Gulf of Mexico following a raptured gas pipeline was reminiscent of the Lord of the Rings. Yet the world’s reliance on fossil fuels and their disastrous impact on global warming and the environment is far from fantasy. The burning of coal, oil and gas is the dominant source of greenhouse gas emissions driving the … [Read more...] about Are Latin America’s fossil fuels at risk of becoming stranded assets this decade?
The Paris Agreement rulebook has yet to be finalized in Glasgow. COP26 will have to ensure negotiations deliver on rules that will operationalize market and non-market mechanisms for the mitigation of GHG emissions, namely finalize Article 6 of the Paris Agreement. The use of carbon markets as a mechanism to reduce/compensate Greenhouse Gas (Ghg) emissions has been included … [Read more...] about Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?
The consequences of the climate crisis are being experienced around the world. From intense flooding in Turkey and China, scorching heatwaves across the United States, to deadly wildfires in Greece. Extreme weather events have become more intense and more frequent – and it’s only expected to get worse. Earlier this week the Intergovernmental Panel on Climate Change (IPCC) … [Read more...] about Latin America and the Caribbean has an opportunity to avert climate catastrophe
Peru has been severely hit by the pandemic and faces one of the deepest crises of the last 50 years. In addition to the highest mortality per person in the world, during 2020 the country suffered an economic impact equivalent to more than 20% of GDP (US$ 35.8 billion). Meanwhile, unprecedented heat waves in North America and floods in Europe remind us that another crisis … [Read more...] about Carbon neutrality could provide Peru with US$140 billion in net benefits
By 2030, decarbonisation could create 15 million net new jobs in Latin America and the Caribbean. That is the message delivered by the Inter-American Development Bank and the International Labour Organisation in a new report. The challenge is to manage losers and winners and ensure a just and inclusive transition. The pandemic has hit Latin America and the Caribbean hard, … [Read more...] about The path to net zero emissions can create millions of jobs in Latin America