On March 5th, 2009 Lord Nicholas Stern and the Inter-American Development Bank (IDB) hosted the Conference: “Development in a more Hostile Climate”. The conference convened world-renowned speakers that analyzed the impacts of the financial crisis on the efforts for climate change mitigation and adaptation, its threats to development and the role of partnerships and multilateral institutions in responding to the climate investment challenges faced by developing countries (DGCs). Building on the path-breaking work of the Stern report on today’s global economic impacts, the conference took a granular approach by looking at the national and regional studies of the economic impact of climate change in Mexico, Brazil and Southeast Asia. In addition, it also explored options to integrate climate change financing in the development process.
The Conference was organized around three blocks. The Opening Panel (World Economy and Climate Change) addressed the effects of the financial crisis on the Climate Change agenda and the costs entailed in pursuing it. The second block centered on national (Brazil and Mexico) and regional (South East Asia) case studies on the economic impact of climate change. The Closing Panel focused on the possibilities of accelerating and spelling out international finance and investment for climate change.
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Climate Change in LAC