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?
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
Leveraging additional finance to support the sustainability goals is crucial to address the financial gap for climate and biodiversity challenges in Latin America and the Caribbean. The Inter-American Development Bank is committed to supporting its member countries in achieving their ambitions under the Paris Agreement and the Montreal-Kunming Global Biodiversity Framework, and … [Read more...] about Environmental Finance Recognizes IDB’s Financial Transactions in Barbados and Uruguay
The Intergovernmental Panel on Climate Change (IPCC) recently released the synthesis report of its sixth assessment report, which provides an overview of the state of knowledge on climate change. What are more than 200 scientists saying about the risks of climate change? They are warning yet again about the critical challenges associated with rising temperatures. But a key … [Read more...] about Where There is Hope, There is Opportunity For Low-Carbon and Climate-Resilient Economies in Latin America and the Caribbean
Small Island Developing States (SIDS) in the Caribbean are among the most highly vulnerable countries to climate change hazards which include sea level rise, hurricanes, flooding, droughts, changing rainfall patterns, increased temperatures, and coastal erosion. Investing in Nature-Based Solutions (NBS) is critical for the Caribbean owing to the region’s heightened … [Read more...] about 3 keys to Increase Nature-Based Solutions in Caribbean Construction Industry