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The clean energy transition in Brazil’s power sector is well underway. Brazil is Latin America’s largest renewable energy market with almost 45% of its energy demand comprised of renewable resources, primarily hydropower.
Sostenibilidad
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In this blog, we celebrate the value of IDB safeguards through the lens of our specialists across the region. Here is a brief glimpse of the work they do in environmental and social safeguards.
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Climate change poses significant risks to development in Latin America and the Caribbean.
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Next Monday September 23, the UN Secretary General, António Guterres, is hosting the UN Climate Action Summit 2019 in New York to address the global climate emergency. Mr. Guterres is calling on all countries to come ready to announce the plans they will set next year to reduce their GHG emissions by 45% by 2030 and to net zero emissions by 2050.
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This article was originally published by El Nuevo Día. At a recent ceremony in Iceland, mourners laid a plaque atop a volcano commemorating the loss of the Okjökull glacier.
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Valuing Natural Capital’s Contribution to Economic Well-Being Government budgets are allocated according to the strength of political and economic arguments. Economic arguments to support public policy and investment in natural capital and ecosystem services are often weak due to the complexities involved in valuing these life support systems, especially in the terms that Ministries of Finance and Economics are concerned with.
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By Amal-Lee Amin y Amy Lewis Imagine a bridge that has been built to withstand the effects of a hurricane. Crossing it is a constant flow of pedestrians, cyclists and electric vehicles charged by a power grid ran on 100% renewable energy.
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Can you even have sustainability and hydropower in the same sentence? It’s a question that for years has challenged development practitioners (and bolstered critics) of this renewable source of energy. But the Inter-American Development Bank (IDB) is taking steps to help answer this question. Hydropower can be massive in scale. In 2018, electricity generation from hydropower reached an estimated 4,200-terawatt hours (TWh), setting the highest ever contribution from a renewable energy source (International Hydropower Association, 2019).
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Climate change is not only an environmental challenge, but also a political, economic and social one. Projections indicate that, if the current emissions trajectory continues, the global average temperature of the planet will exceed by 3°C the average temperature observed at the beginning of the 19th century, generating an unprecedented impact on the history of humankind.
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This article was originally published by El País. The Governments of Latin America and the Caribbean have overcome many challenges in recent decades, but climate change could represent the greatest threat ever known in our region.