The One Region, One Commitment conference will take place on September 14, on the cusp of COP27
On September 14th, the Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest, will hold the One Region, One Commitment virtual conference, where members of governments, the private sector, civil society, and academia will jointly examine the progress countries in Latin America and the Caribbean have made toward building low-carbon, climate-resilient economies.
At the event, experts will discuss crucial climate matters as part of the build-up to COP27 (an annual United Nations conference on climate change) to be held in Egypt in November. One Region, One Commitment will address topics that are key to making development sustainable, climate resilient, and inclusive, such as: resilience and adaptation; biodiversity and natural capital; decarbonization and electric mobility; and bioeconomics, sustainable finance, and a fair transition. With the slogan “Hastening the Sustainability Revolution in Latin America and the Caribbean,” the conference will kick off at 9:15 AM EDT and will feature the participation of IDB President Mauricio Claver-Carone. In 2021, approximately 35,000 people attended the event.
The transition to a net-zero economy could create 15 million new jobs in the region and cause an additional 1% of GDP growth by 2030, an IDB study found. Estimates show that every dollar invested in making infrastructure and economies more resilient can generate up to four dollars in economic benefits. But the different stakeholders represented at the One Region, One Commitment conference will have to work together to achieve these goals.
The IDB has pledged to align all its operations with the aims of the Paris Agreement, starting in 2023. It has also committed to provide $24 billion in climate and green financing from 2022 to 2025.
Climate action is one of the five priories for supporting Latin America and the Caribbean in Vision 2025, the IDB Group’s roadmap to post-pandemic recovery and inclusive and sustainable economic growth in the region.
Journalists and others interested in this event can sign up here.
About IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region. Access our virtual tour.
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $14.8 billion in asset management and 376 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Access our virtual tour.
Funez,Angela
