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
Environment Climate Change and Safeguards
How NDC INVEST is powering climate action in Latin America and the Caribbean
Climate change is one of the main systemic and complex challenges the global community is dealing with in this century. Although countries are increasing their climate ambitions and more climate action momentum is visible recently, the world is still on a catastrophic pathway to global … [Read more...] about How NDC INVEST is powering climate action in Latin America and the Caribbean
Are Latin America’s fossil fuels at risk of becoming stranded assets this decade?
The recent apocalyptic image of the ocean on fire in the Gulf of Mexico following a raptured gas pipeline was reminiscent of the Lord of the Rings. Yet the world’s reliance on fossil fuels and their disastrous impact on global warming and the environment is far from fantasy. The burning of coal, oil and gas is the dominant source of greenhouse gas emissions driving the … [Read more...] about Are Latin America’s fossil fuels at risk of becoming stranded assets this decade?
Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?
The Paris Agreement rulebook has yet to be finalized in Glasgow. COP26 will have to ensure negotiations deliver on rules that will operationalize market and non-market mechanisms for the mitigation of GHG emissions, namely finalize Article 6 of the Paris Agreement. The use of carbon markets as a mechanism to reduce/compensate Greenhouse Gas (Ghg) emissions has been included … [Read more...] about Are carbon markets a solid mechanism to ensure the Paris Agreement’s success?
It’s time for finance ministries to take climate action to the next level
A recent edition of the British magazine, The Economist, said that 2021 will likely be one of the coldest years of the 21st century (even though this has already been the hottest decade in history) as the international community has been unable to reduce emissions, which are driving global warming. To avoid this scenario, we need to limit the increase in the global average … [Read more...] about It’s time for finance ministries to take climate action to the next level