• "One Region, One Commitment"virtual summit will bring together officials from the region to showcase progress in climate and biodiversity policies on the road to COP15 and COP26
• Innovative financial projects and mechanisms that are driving transformations towards net-zero-emission and resilient economies to be presented
The Inter-American Development Bank (IDB) will hold the One Region, One Commitment virtual summit between June 28-30, where Latin American and Caribbean countries will announce their progress towards a just transition to economies of net-zero emissions and climate resilience, as well as the sustainable use of natural capital.
This event is being held in preparation for the United Nations Conference of the Parties on Climate Change (COP26) and the United Nations Conference on Biological Diversity (COP15). One Region, One Commitment is also an opportunity for public sector, private sector, civil society and academia to discuss effective climate action in the region.
With high-level panels, the IDB Group will defend a more ambitious position for countries on the road to these conferences, aligned with strategies to achieve a sustainable, resilient and inclusive recovery after the COVID-19 pandemic.
The opening session will take place on Monday, June 28, at 8:30 AM EDT and will feature the IDB President, Mauricio Claver-Carone, and the UK' Government's COP26 Regional Ambassador for Latin America and the Caribbean, Fiona Clouder.
One Region, One Commitment will present 22 sessions of high technical quality to generate conversation around six key themes: sustainable recovery and just transition; biodiversity and nature-based solutions; climate finance; resilience and adaptation; transition to energy and zero-carbon transport; and innovative solutions and the private sector.
Different mechanisms and sources that help achieve low-carbon development goals, facilitate access to climate finance, and promote innovation and policies that address climate change mitigation and adaptation will also be discussed.
Towards the sustainable recovery of the region
The damage caused by climate change could cost Latin America and the Caribbean US$ 100 billion a year by 2050. Climate action is among the key pillars of "Vision 2025", the IDB's blueprint for the region's recovery and sustainable growth, and is a transversal factor across the Bank's work.
The IDB continues to design and adopt innovative financial tools to promote climate-resilient development, as well as to expand private investment. In 2020, US$ 3.9 billion were allocated to climate finance. The IDB remains committed to aligning its portfolio with the Paris Agreement. Likewise. During its Annual Meeting held in Barranquilla in March 2021, the IDB Group launched an initiative to support the sustainable development of the Amazon region, a key element of Vision 2025.
One Region, One Commitment
Date: June 28-30
The conference will have simultaneous interpretation into Spanish, English and Portuguese.
About IDB Lab
IDB Lab is the innovation laboratory of the IDB Group, the leading source of development finance and know-how for improving lives in Latin America and the Caribbean (LAC). The purpose of IDB Lab is to drive innovation for inclusion in the region, by mobilizing financing, knowledge, and connections to co-create solutions capable of transforming the lives of vulnerable populations affected by economic, social, or environmental factors. Since 1993, IDB Lab has approved over US$2 billion in projects across 26 countries in LAC. www.bidlab.org
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 $13.1 billion in asset management and 385 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.
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.
Climate Change Specialist