Climate catastrophes are devastating lives and economies at an alarming pace. This year is the hottest on record, at 1.4°C above preindustrial levels. Combined with a strong El Niño, global warming brought devastating heat waves, floods, wildfires, and hurricanes. Against this dire backdrop, the UN reminds global leaders that pledges to curb emissions remain “critically … [Read more...] about The $2.7 Trillion Reason to Decarbonize
long-term decarbonization strategies
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?
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?
Can the COVID-19 pandemic help us prepare to respond to climate-related crises? Yes, it does. Crises often offer lessons for the future. While COVID-19 had enormous negative repercussions in many ways, it also left us good learnings, in this case, lessons that will be useful to prepare us to respond to shocks caused by climate change. We know that our region is one of the … [Read more...] about Lessons from COVID-19 to provide effective shock responses to climate change