The Olympics have always been a source of devotion and inspiration, evoking countless emotions that encourage us to take on new challenges and rethink our routines. In the past two weeks, the games in Paris have given us a lesson in resilience—not just pure resistance. From Céline's magical return to the stage during the opening ceremony to Simone's showing the perfect balance of mind and body, dazzling on the bars.
Ministries of finance are among the most influential decision-makers for climate action. What is their role? Latin America and the Caribbean need between 470 billion and 1.3 trillion dollars annually to address climate change by 2030. So, how are countries in the region going to finance climate action? How will we secure the necessary funding?
In addition to helping mitigate the climate crisis, addressing climate change in a comprehensive manner has the potential to generate enormous economic and social benefits. In the case of Colombia, progress has already been made in key areas.
Artificial Intelligence (AI) is one of the most popular technology-related terms today. According to Google Trends, searches for this term increased 20-fold over a year and a half (December 2021 to July 2023), as shown in Figure 1.
The unprecedented challenges posed by climate change demand immediate and effective action by governments and finance ministries to address the challenges of mitigation and adaptation.
Regulation frames the relations between the public sector, businesses, and civil society, and shapes how markets function in an economy. Regulation can enhance welfare in society through the protection of public health, environment and other public goods, the promotion of fair competition, and market efficiency; however, the opposite is also true, regulation can generate unnecessary costs, stimulate inefficient resource allocation, and restrain innovation, growth, and jobs.
Let's analyze your perception of the future: How do you think our planet would be affected by climate change? Would it become a place of chaos and desolation? Or one of innovation and hope? Surprisingly, the reality of desolation or hope will depend not only on our actions, but also on our expectations.
Welcome to the exciting world of behavioral economics, where expectations and psychology are as important as data and economic models. Research in this field has found that the way we think about the future could have an effect on our response to present problems and vice versa.
The ocean is the perfect example of interconnection and sustenance for millions of families around the world; it nourishes our lives, connects continents, and offers a refuge for rich biodiversity. In reality, there is only one ocean, composed of several basins, covering 71% of the Earth's surface, with its waters and biodiversity fully interconnected.
Latin America and the Caribbean play a crucial role in the transition to nature-positive economies. But what does this mean? It involves promoting an economic model that not only minimizes negative environmental impacts but also actively contributes to the regeneration and conservation of ecosystems. This approach is based on the idea that economic activities can and should be designed to benefit both people and the environment, creating a virtuous cycle of sustainable development.