“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?
Environment Climate Change and Safeguards
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 the IDB is scaling up support for Nature-Based Solutions in Latin America and the Caribbean
Nature and biodiversity are taking center stage as a critical theme at COP26 in Glasgow. As governments, the private sector, and multilateral institutions seek to raise ambition in their climate commitments, nature-based solutions (NBS) present a key opportunity to both mitigate and adapt to climate change, while also contributing to other priorities such as economic recovery, … [Read more...] about How the IDB is scaling up support for Nature-Based Solutions in Latin America and the Caribbean
Three ways NDC Invest can help countries of Latin America and the Caribbean deliver ambitious climate and development agendas
The climate crisis is underway and is increasingly getting hard to ignore. July 2021 joins the one in 2020 as the third warmest July on record globally. Brazil suffered from extremely low temperatures that sent international prices for coffee and sugar higher. Greece went through the worst heatwave since 1987, reaching 46°C in some regions, unleashing devastating wildfires that … [Read more...] about Three ways NDC Invest can help countries of Latin America and the Caribbean deliver ambitious climate and development agendas
How to Tackle the Social Consequences of Climate Change
In Latin America and the Caribbean, climate change has a daily impact on the lives of millions of people, threatening their health, work, education, opportunities for growth, and even the continued existence of the places they come from. Its socioeconomic consequences increasingly know no borders—this is a problem that leaves no one untouched. Just as the problem connects us … [Read more...] about How to Tackle the Social Consequences of Climate Change