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
Ocean resources are key to a sustainable and resilient recovery in Tobago
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
How is climate change impacting small islands in the Caribbean?
“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?
Rethinking private financing of climate action with Chile
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
How can we plan for agriculture and land-use policies consistent with net-zero emissions development?
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?