Sustainable Energy and Climate Change Initiative
Alternative energy, sustainable agriculture, climate-friendly transportation and climate resilient resource management are just some of the many areas in which the Inter-American Development Bank is leading the way in setting high sustainability standards. These standards are part of the Bank’s commitment of providing countries in Latin America and the Caribbean with the best available technologies and practices to ensure economic viability, social equity, and environmental integrity.
The goals of the Sustainable Energy and Climate Change Initiative are centered around the provision of comprehensive sustainability options in areas related to the energy, transportation, water and environmental sectors as well as building climate resilience in key priority areas vulnerable to the impacts of climate change. The Initiative consists of four strategic pillars:
In 2009 as part of the development and management of the Initiative, the IDB created the Sustainable Energy and Climate Change Unit (ECC). More
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Delivering Inclusive and Sustainable Infrastructure: Featured Infrastructure Projects and Initiatives
Date: Apr, 2017
Closing the world's infrastructure gap would take $1 to $1.5 trillion annually. The Global Infrastructure Forum aims to discuss opportunities to harness public and private resources to close this gap. The 2017 forum was jointly organized by the multilateral development banks (MDBs): African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank, New Development Bank, and the World Bank Group, in close partnership with the United Nations (UN). The following pages are a collection of featured infrastructure projects and initiatives that show how MDBs and the United Nations join forces with the public and private sectors to provide sustainable, accessible, resilient, and quality infrastructure worldwide.
Date: Apr, 2017
The world needs more infrastructure, particularly in developing countries. But not just any infrastructure. To achieve the economic, social and environmental objectives embodied by the Paris Agreement and the Sustainable Development Goals (SGDs), this infrastructure must be sustainable, low-carbon and climate resilient. At the same time, investors' interest in and allocations to infrastructure are gradually increasing driven by a combination of factors (such as low yields in traditional asset classes and inflation protection). Together, these should be positively reinforcing developments. However, current allocations and volumes of investments still fall short of the estimated $6 trillion per year required to support economic development. Although a variety of stakeholders -from governments to multilateral development banks (MDBs) to institutional investors- have articulated support for Sustainable Infrastructure (SI) investment, progress to date has been patchy. To better understand what is happening on the ground, review the barriers and identify tangible next steps to address the funding gap for SI, the Inter-American Development Bank (IDB) commissioned Mercer to undertake a multiphase project beginning in mid-2016. This document is a companion to the Mercer-IDB November 2016 paper Building a Bridge to Sustainable Infrastructure, which is discussed later in the report. This current paper is structured in five parts: Chapter 1 provides an overview of the SI imperative and the financing gap; Chapter 2 reviews the state of play regarding SI in the investment process, including feedback received from investor interviews; Chapter 3 discusses approaches to more fully embed SI within investment decision making; Chapter 4 presents our call to action to governments, MDBs, investors and supporting initiatives; and Chapter 5 is a short conclusion.
Integration & Trade Journal: Volume 21: No. 41: March, 2017: Eco Integration in Latin America: Ideas Inspired by the Encyclical Laudato Si'
Date: Apr, 2017
Inspired by the encyclical Laudato Si', by Pope Francis, Nobel prizes and world experts pose concrete options for advancing in a regional eco-integration where social and environmental dimension of development are priorities. The commitments made to mitigate climate change at the Paris and Marrakesh summits require the cooperation of different nations in a joint effort to counteract global warming. Latin America has an enormous natural wealth that represents an opportunity, but also a great responsibility: to protect the planet and at the same time find ways to reduce the inequities that characterize the region. The new edition of IDB-INTAL Integration & Trade Journal offers creative measures, analyzes the governance challenges offered by the current scenario, describes sustainable models of trade, examines the impact of climate change and draws bridges to advance in an integral ecology where humanism became the engine of civilization.
Date: Mar, 2017
This report highlights the Inter-American Development Bank's sustainability performance in 2016, both in the operations it finances and at its own facilities. It includes examples of Bank-financed work across member countries and focus areas (climate change, sustainable infrastructure, sustainable cities, natural capital, social sustainability, and safeguards).