The IDB Group attends the conference as the region’s leading strategic partner for meeting climate commitments
The 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) will be held in Sharm El-Sheikh (Egypt) on November 6 to 18. The world’s premier climate event will being together heads of state, ministers, mayors, negotiators, civil society, and private sector representatives to review progress made since COP26 in Glasgow and analyze steps yet to be taken to achieve the aims of the Paris Agreement.
The Inter-American Development Bank (IDB) will be present at the conference with a delegation consisting of Benigno López, Vice President for Sectors and Knowledge; Juan Pablo Bonilla, Manager of the Climate Change and Sustainable Development Sector; Graham Watkins, Chief of the Climate Change Division; Marcelino Madrigal, Chief of Energy; Laura Ripani, Chief of Labor Markets; and Tatiana Schor, Head of the Amazon Coordination Unit, among others. The team from IDB Invest, the IDB Group’s private arm, will consist of James Scriven, CEO; Alexandre Meira da Rosa, Chief Strategy Officer; Hilen Meirovich, head of Climate Change; Guillermo Foscarini, Head of Agrobusiness; and Jozef Henriquez, Head of Resource Mobilization. IDB Lab, the Group’s innovation incubator, will send Yuri Soares, Chief Impact and Sustainability Specialist, and Edgar Parra, Senior Investment Officer.
The IDB Group has planned five events to share its progress and opportunities to continue helping countries achieve their climate goals. The first, Accelerating Climate Action in Latin America in the Caribbean, will take place on November 8. The other events will be Ecosystems of Innovation and Climate Action (November 10); How Climate Finance Mobilization Promotes Adaptation and Resilience in the Private Sector in Latin America and the Caribbean (November 12); Achieving Energy Security through the Energy Transition in Latin America and the Caribbean (November 14); and the Role of Payments for Environmental Services for the Conservation of Amazonian Socio-Biodiversity: the Case of the State of Pará, Brazil (November 16). These events will take place in the multilateral bank’s pavilion located in Zone C, MDB Pavilion (#58), Zona Azul. See this link for more information.
The IDB will launch several publications during COP27, including “Long-Term Adaptation Planning in Latin America and the Caribbean” and “Financing Adaptation from the Private Sector.”
The IDB Group attends COP27 as the region’s primary strategic partner in channeling private and public investment for climate action and in mobilizing private capital in Latin America and the Caribbean. Additionally, through IDB Lab, the Bank has for years promoted unique climate solutions in the startup environment of Latin America and the Caribbean.
The IDB Group approved and mobilized $6 billion in climate financing in 2021, of which over $3 billion were for mitigation projects and activities. Funding for adaptation made up 35% of the IDB Group’s contribution.
About the 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.
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 assets under 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.
About IDB Lab
IDB Lab is the innovation laboratory of the IDB Group, the main source of financing and knowledge for development to improve lives in Latin America and the Caribbean. 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 groups that are vulnerable due to economic, social, or environmental conditions. Since 1993, IDB Lab has approved more than $2 billion in projects in 26 countries in Latin America and the Caribbean.