Published in Adaptation
Published in Regional Organisations
This research agenda outlines the issues requiring further research in order to create an informed assessment of what strategies and policies that Latin American countries should pursue with respect to climate change. The report identifies potentially valuable actions that have not yet been highlighted, advises against actions that could be ineffective and costly, and recommends further evaluation of which elements require analysis before action can be taken. The agenda focuses on adaptation, agriculture, forestry, sustainable cities, trade and economics, labor issues and climate change & economic growth.
Published in Adaptation
This document, published by the ECLAC and carried out in collaboration with regional governments, the EU, IDB and various other political, academic, and research institutions, summarizes the aggregate economic impact of climate change in Latin America and the Caribbean. On the basis of national and regional studies, the report offers important economic considerations concerning climate change, including an estimated 1% loss of annual GDP in the region's countries between 2010 and 2100 unless a consensus on mitigation actions is reached.
Published in Climate Finance
Monday, 27 December 2010 07:15

IDB Development Effectiveness Overview 2010

This annual report summarizes the actions taken by the Inter-American Development Bank (IDB) to measure and improve the social, economic, and environmental impact of the IDB's work throughout the region. Chapter Five is entitled "Protecting the Environment, Responding to Climate Change, Promoting Renewable Energy, and Ensuring Food Security." The report focuses on enhancing agricultural productivity, promoting tourism for development and environmental sustainability, and modeling and planning adaptation options in response to the threats of climate change in Latin America.
Published in Adaptation
Sunday, 17 April 2011 08:04

IDB on Sustainable Emerging Cities

Published in youtube @en
Mexico will be hosting the COP 16 in December 2010. That gives international leaders, civil society and the world’s business community a year to get their act together to deliver a new climate change deal. In regards to Latin America and the climate change conundrum what is likely to happen in 2010? ICC offers 11 festive predictions for the year to come: 1. As Christiana Figueres points out in the previous post, it is uncertain whether Latin American countries can act together in the climate change negotiations. There is a risk that in the run up to December 2010 Latin American positions on global warming become more polarised. 2. It is possible Latin American countries counter these differences by working on common areas notably in energy, forestry, infrastructure and disaster reduction. The work of international organisations in the region such as CEPAL, BID and the World Bank will be crucial in supporting countries find this common ground. In turn, this strategy can pay dividends for the negotiations when countries take advantage of what they have in common and appreciate what they also risk losing by not working together. 3. Other Latin American organisations looking to advance their work programmes on climate change begin to assist this process. Mercosur, Andean Community of Nations, Organisation of American States, Amazon Cooperation Treaty Organisation, Latin American Energy Organisation, Central American Integration System, and the North American Free Trade Agreement step out of obscurity and bring plans to the table. 2010 will be an important year to see what they can offer. 4. Analysts despair at the UN system on climate change and how it may fail to secure a new treaty. Which other global organisations can fill this void? The G20 would appear to be an option but has only three Latin American members: Argentina, Brazil and Mexico. Next December will not be enough time to find a replacement organisation for the UN. It remains to be seen whether these platforms have the capability and legitimacy or are indeed used effectively by their members to enhance the climate change debate. The UN continues to be the primary channel for negotiations. 5. CEPAL’s national and regional based economics of climate change studies in Latin America gain traction pushing the issue through government ministries across the region. 6. A rise in droughts, floods and prolonged power cuts across the Latin American region, due to abnormal weather patterns and rusty infrastructure, leads to an increase in public unrest and criticism of government and energy companies. 7. Latin America’s civil society movement continue to galvanise its long held and legitimate grievances against the Washington Consensus with the injustice of climate change impacts in the region. Projects, campaigns and protests rise prior to the Mexican conference. 8. The Latin American media caters for greater public interest in climate change by increasing coverage on this issue across the media spectrum. 9. Carbon markets in the both the compliance and voluntary sectors take a back seat in early 2010 but are revitalised in the wake of surging oil prices and a renewed commitment towards a new climate treaty in December. The renewable energy sector in Latin America benefits from this new found enthusiasm. 10. The Spanish presidency of the European Union leads to greater European attention towards Latin America with climate change becoming a priority in the EU-LAC Strategic Partnership. 11. The EU and Latin America’s largest polluters, Brazil and Mexico, begin discussing options to integrate the European Emission Trading Scheme with nationally based cap and trade schemes.
The UN Development Programme (UNDP) and the Inter-American Development Bank (IDB), organized a meeting, Climate Financing and Long-Term National Development Planning in Ibero-America, in Rio de Janeiro, Brazil, that brought together more than 60 of Latin America and the Caribbean’s finance and environment governmental officials, private sector representatives and international organizations. The debate was dedicated to exploring options for the integration of climate change financing into national and regional long-term social and economic development planning:
The meeting was to enable countries and experts to identify already available and future financing options on climate change and to discuss the role of national and regional development banks and international organizations in these efforts. The first day saw participants conclude that Latin America needs enhanced capacities to face a new climate change regime, especially key financial mechanisms that make possible national efforts to reduce the impact of climate change and curb greenhouse gas emissions and enable the transfer of new green technologies. “Climate change is the defining human development challenge of the 21st century,” said Veerle Vandeweerd, director of UNDP’s Environment and Energy Group. “If we do not address this squarely and successfully now, we can expect international poverty reduction efforts to fail.” “It is critical that Latin America countries discuss financing barriers and the nature of financial instruments to orient public and private investments for mitigating and adapting to climate change as well as how to access current and new multilateral funds to face climate change,” said Juan Pablo Bonilla, coordinator of IDB’s Sustainable Energy and Climate Change Unit. “Finance, development and environment ministers have a crucial role to play: they will need to have pragmatic and comprehensive frameworks to catalyze climate investments with resources from international financial mechanisms – and they will also need to reinforce national budgetary planning.” Along with UNDP and the IDB, the Economic Commission for Latin America and the Caribbean (ECLAC) and the World Bank presented several initiatives, showcasing the outcomes of such climate change funds. In Latin America and the Caribbean the cost of climate-related disasters exceeds US$5 billion per year, and the poorest are the most vulnerable to the adverse effects of climate change. Since tackling such problems will demand great resources, the discussion on finance mechanisms is crucial and will be a key topic at the Copenhagen negotiations.
Latin American governments will be very touchy over proposed financing mechanisms to be negotiated in Copenhagen. They will have to tread a difficult line considering that the region is now considered a Middle Income Continent and may not be eligible for large amounts of cash compared with Africa and parts of Asia since they can arguably pay some of it themselves. Some leaders may stick to their guns and argue that rich countries must cough up the dough as they are responsible for the largest slice of emissions. A more pragmatic approach emphasizing interdependence and cooperation is advisable as Latin America is in an advantageous position given its existing renewable energy sector and vast potential for further expansion not to mention its abundant supply of natural resources. Nitpicking over past emissions is valid up to a point but not if it jeopardizes progress towards turning Latin America into a global leader in low carbon development.
Published in Climate Finance