As leaders gather in Paris this week for a summit on tackling climate change, and how our global financial system should evolve to be part of the solution, skeptics may wonder whether most of the world’s cash-strapped countries really have the incentives and the capacity to do much. After all, even wealthy countries are struggling to address what is undoubtedly the … [Read more...] about Latin America and Caribbean Innovations Point Way on Climate Change
Environment Climate Change and Safeguards
What can Carbon Prices Achieve in Latin America and the Caribbean?
Getting to net-zero emissions is essential to achieve the goals of the Paris Agreement. A key question is how much carbon pricing can help reduce emissions, stimulate low-carbon investment, and fund emission captures. Indeed, carbon pricing generates various expectations. Some expect carbon pricing to incentivize technological change consistent with full decarbonization. Others … [Read more...] about What can Carbon Prices Achieve in Latin America and the Caribbean?
3 Projects to Celebrate International Oceans Day
International Oceans Day is a reminder of the importance of this ecosystem. The ocean covers more than 70% of the Earth's surface, generates half of the oxygen we breathe and absorbs at least a quarter of the carbon dioxide emitted by human activity. They are also a vital source of food, energy and natural resources for millions of people worldwide. However, the oceans face … [Read more...] about 3 Projects to Celebrate International Oceans Day
How is the NDC Pipeline Accelerator Trust Fund helping LAC move closer to realizing the Paris Agreement Targets?
Countries continue to invest in low-carbon and climate-resilient development, reducing the probability of new environmental and social crises emerging in the foreseeable future. The IDB continues to use concessional finance and technical assistance to ramp up climate action and support Latin America and the Caribbean (LAC) countries facing the climate crisis. The LAC region … [Read more...] about How is the NDC Pipeline Accelerator Trust Fund helping LAC move closer to realizing the Paris Agreement Targets?
Earth Day: a friendly reminder to address the climate crisis!
April 22 is Earth Day and it is a reminder of one of the most pressing issues we face today: climate change. This year's Earth Day coincides with the just recent launch of the IPCC's sixth assessment report on climate change, making it a particularly significant occasion. The report's findings highlight the urgent need for action to address the climate crisis and protect our … [Read more...] about Earth Day: a friendly reminder to address the climate crisis!