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?
Environment Climate Change and Safeguards
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!
Lessons from COVID-19 to provide effective shock responses to climate change
Can the COVID-19 pandemic help us prepare to respond to climate-related crises? Yes, it does. Crises often offer lessons for the future. While COVID-19 had enormous negative repercussions in many ways, it also left us good learnings, in this case, lessons that will be useful to prepare us to respond to shocks caused by climate change. We know that our region is one of the … [Read more...] about Lessons from COVID-19 to provide effective shock responses to climate change