IDB helps Latin America and the Caribbean address climate change
Climate change threatens both to undermine the long-term efforts of the region to achieve sustainable development and to affect the most vulnerable members of society disproportionally.
To respond to increasing demand for clients for assistance in addressing climate change, the General Capital Increase (GCI-9) commits the Bank to support mitigation and adaptation efforts of borrowing members while meeting their developmental and energy requirements. GCI-9 sets a target of 25 percent of total lending going to a growing portfolio on climate change, environmental sustainability, and renewable energy.
In order to address risks, mainstream climate change in its operations, and further integrate both public and private sectors, during 2010, the Bank worked on strategic and operational development, adaptation and mitigation efforts, knowledge generation and dissemination, the establishment of partnerships, and the mobilization of climate finance from external sources. A dedicated team works across all Bank sectors to address these issues.
Areas of Action
News
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Itaú BBA gets $100 million IDB loan to finance green projects in Latin America
IDB approves $100 million loan for Itau BBA to finance green projects in Brazil, Chile, Colombia, Paraguay, Peru and Uruguay. Feb 17, 2012
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The 2012 IDEAS contest calls for innovative proposals to promote sustainable energy technologies in the Caribbean
IDEAS Energy Innovation Contest for the Caribbean will award up to US$200,000 for projects on energy efficiency and renewable energy. Feb 15, 2012
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Haiti signs contract with Alstom-Comelex to refurbish its principal hydro plant
A French consortium will rehabilitate Haiti's principal hydroeletric plant to recover its original 54 MW generation capacity. Feb 10, 2012
Projects Highlights
Preparation
- Guyana. Amaila Falls Hydroelectric Power Project.
- Costa Rica. Reventazon Hydroelectric Power Plant.
- El Salvador. Integral Fiscal Sustainabilit & Climate Chang Adaptation Program for El Salvador.
Approved
- Regional. Experts on Renewable Energy and Energy Efficiency at INE/CCS. Feb 13, 2012
- Brazil. Waste 2 Energy: Generating bioenergy and carbon credits from acai waste. Dec 15, 2011
- Chile. ATACAMATEC-Support for large scale solar power in northern Chile. Dec 12, 2011
- IDEAS 2012: Energy Innovation Contest (00:30)
IDEAS 2012: Energy Innovation Contest
Let’s Talk Climate Change
This blog is a space for IDB specialists and the public to share ideas and opinions about how the most effect way to respond to the issue of global climate change in Latin America and the Caribbean.


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