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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IDB to help El Salvador become regional training center for geothermal energy
IDB grant for approximately $2 million will help El Salvador establish a geothermal training center for Latin America and the Caribbean. May 14, 2012
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Canada, IDB to co-finance climate-friendly investments in Latin America and the Caribbean
Canada to create a climate change fund for Latin America and the Caribbean to be managed by the IDB. Apr 30, 2012
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Financial institutions drive mobilization of international climate finance
National development banks are key to organizing the public and private investment necessary for tackling climate change. Apr 17, 2012
Projects Highlights
Preparation
- Argentina. Energy Topics - Southern Wind Project.
- Barbados. Second Generation of Reforms to support the SEFB - I.
- Barbados. Smart Energy Program for the Public Sector.
Approved
- Chile. Health and Environmental Impacts of Exhaust from Biofuels. May 18, 2012
- Mexico. Development of Local Wind Technologies. May 15, 2012
- El Salvador. Geothermal Regional Training Support Program. May 2, 2012
- Climascopio 2012 (02:35)
Climascopio 2012
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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