Risks associated with climate change will inevitably increase costs for many sectors, particularly those dependent on fossil fuels. But new standards for transparency of exposure to climate risk can help smooth the transition. Development banks like Mexico’s NAFIN can lead the way by integrating climate-change targets into their governance, strategies, and structures, writes Marisol Rentería Bravo (Nacional Financiera).
The Caribbean must think carefully about how and where to ‘build back better’ after the hurricanes of 2017
“Building back better” to create more resilient societies is a laudable goal, but every country is different and there are no quick fixes. By taking into account topographical differences, reforming building codes, and reviving ecosystems, the Caribbean can take a significant step in the right direction, write Emily Wilkinson and Rachael Steller (Overseas Development Institute).
Carbon pricing offers development banks like Mexico’s NAFIN a way to encourage organisations to reduce emissions through adoption of improved technologies and practices. But these positive effects could be further reinforced by encouraging companies to adopt shadow prices, writes Cesar Espinosa García (Nacional Financiera).
Though Suriname’s Saamaka people have already achieved a remarkable victory at the Inter-American Court of Human Rights that guarantees their right to their territory and the rainforests within it, the state’s continued push towards extractive development means their fight is far from over, writes Richard Price.
Colombia’s ruling on legal protection for the Amazon continues Latin America’s struggle for the commons
The Supreme Court’s ruling in favour of 25 young plaintiffs seeking protection of their rights to life, health, food, and a healthy environment obliges the government to design an inter-generational pact to reduce deforestation and gas emissions. This highlights the connection between protection of the environment and intergenerational solidarity, as well as underlining personal and social responsibility for the impact […]
If the problems and potential of environmental licensing are not taken seriously in this year’s policy debates and electoral campaigns, future development and economic recovery could trigger environmental degradation far more serious than any single mega-dam project, write Mark S. Langevin and Olivia Smith (both George Washington University).
Though geothermal energy is a more involved and expensive undertaking than other renewables, its significant benefits make it an ideal way for the Eastern Caribbean to gain greater energy independence, reduce energy costs, and achieve sustainable development, writes Judith Ephraim (Organisation of Eastern Caribbean States).
Mexico City’s EcoBici bike-sharing scheme systematically broke down social barriers to enable the introduction of a new mode of public transport. Naima von Ritter Figueres (LSE International Development) analyses its success and considers whether this approach could work in other megacities around the world.
The time has come for the international community to shape a financial architecture that is more supportive of small island states’ special circumstances and needs, writes Gail Hurley (United Nations Development Programme).
Extreme weather events in the Caribbean call for a rethink of how Official Development Assistance is allocated
The international community must reassess the developmental aid system to take account of the vulnerability of specific regions to the effects climate change, regardless of their income status, writes Polly Hatfield.