We live in a world full of uncertainties. The COVID-19 pandemic and the war in Ukraine are but two of the last examples. Climate change similarly comes with uncertainties, and we are seeing it with what happened in Texas in the last winter for instance: an unexpected change of “normal” climate conditions generated a serious humanitarian crisis due to the collapse of the power … [Read more...] about How do we rethink water planning in the face of a future shaped by climate change?
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
Tobago is renowned for its sandy beaches, great weather, beautiful tropical landscapes, and friendly people. But the island is also home to transcendent nature-based assets such as the internationally known Buccoo Reef and the Tobago Main Ridge Forest Reserve, the oldest legally protected forest reserve in the western hemisphere. All of these characteristics will be key to a … [Read more...] about Ocean resources are key to a sustainable and resilient recovery in Tobago
“A 2-degree Celsius rise in global temperature would be a ‘death sentence’ for island and coastal communities”, Prime Minister of Barbados Mia Mottley said during a powerful speech at the World Leaders Summit on the second day of the 26th UN climate summit (COP26) in Glasgow. Mottley highlighted how failure to provide critical climate finance to small island developing … [Read more...] about How is climate change impacting small islands in the Caribbean?
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