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Latin America & Caribbean

Lending a hand to transform the energy mix of an island nation

Kruskaia Sierra-Escalante's picture
 IFC
The BMR Jamaica Wind project, Jamaica’s largest private-sector renewable energy project. Photo: IFC


Last month, a new wind farm began spinning its blades in Jamaica. At 36 megawatts (MW) it became Jamaica’s largest private-sector renewable energy project, set to diversify the country’s energy matrix, reducing its high electricity prices and generating significant environmental and social benefits.

Latin America and the Caribbean: seizing a trillion dollar opportunity in climate investments

Christian Grossmann's picture
 Alessandra Bazan Testino / IFC
Green-bond supported wind farm in Penonome, Panama. Photo credit: Alessandra Bazan Testino / IFC 


First published by Capital Finance International.

Soon the world will celebrate the one-year anniversary of the historic climate agreement signed in Paris in December 2015. The agreement will be implemented through country-led greenhouse gas (GHG) emissions reduction commitments known as their intended Nationally Determined Contributions (NDCs), which to date have been submitted by 189 countries covering 95 percent of global GHG emissions. 
 
Apart from signaling concrete commitments, these reduction targets also offer a clear signpost of the investment direction countries need to follow as the global economy steers towards a low-carbon, climate-resilient pathway. Estimates point to between $57 trillion and $93 trillion in new low-carbon, climate resilient infrastructure investment by 2030.[1] How developing countries evaluate and respond to their infrastructure needs will greatly determine their ability to meet GHG reduction commitments.

Using technology to stay ahead of disaster risk

John Roome's picture
Hurricane Patricia. Photo credit: NASA Earth Observatory

We’re witnessing an unprecedented uptick in record-breaking storms. In October last year, Hurricane Patricia came ashore in Mexico with record breaking 200 miles per hour winds. A few months later on the other side of the world, Cyclone Winston broke records for Pacific basin wind speeds, destroying parts of mainland Fiji with 180 miles per hour winds. More recently, Cyclone Fantala became the most powerful storm in the Indian Ocean ever recorded.
 
Experts agree that its activities by people which are increasing the severity of storms like these. Climate change isn’t just projected to increase the intensity of hurricanes and cyclones, but a whole other range of other natural hazards, like droughts, floods, storms, and heat waves.

A map is worth a thousand words: Supporting forest stewards in addressing climate change

Kennan Rapp's picture
Photo: Julio Pantoja / World Bank Group


In Nepal, indigenous groups produced a range of training materials, including videos in local languages on forests and climate change, to help more than 100 women and community leaders in the Terai, Hill and Mountain areas better understand what terms like ‘mitigation and adaptation strategies for climate resilience’ mean for them in their daily lives. 

A team of consultants in Kenya, who are members of indigenous communities with an understanding of regional politics and geographical dynamics, worked on increasing community involvement in sustainable forest management through workshops and face-to-face meetings. As part of their work, they collected information on land tenure status within indigenous territories, which will help the country prepare a national strategy for reducing emissions from deforestation.

Who are the barefoot solar sisters…and how can they help forest communities?

Ellysar Baroudy's picture
Photo credit: Lisa Brunzell / Vi Agroforestry
 
In Kenya, a group of Maasai grandmothers provide an inspiring example of how simple actions can transform societies and how, when empowered, women can break down barriers between men and women.

These women never had the opportunity to attend school. But now aged between 40 and 50 years old, they found themselves with a new task. They received training and were tasked with installing and maintaining solar lighting systems in their villages.
 

Empowering a greener future

Mafalda Duarte's picture
CIF launches annual report that marks 2015 as year of achievements
 CIF
Photo: World Bank Group


This is Morocco’s Noor 1 concentrated solar power plant, the first phase of what will eventually be the largest concentrated solar power plant in the world. It is an impressive sight—visible even from space–and it holds the promise of supplying over 500 megawatts of power to over a million Moroccans by 2018. It also embodies the power of well-placed concessional financing to stimulate climate action. Low cost, long term financing totaling $435 million provided by the Climate Investment Funds (CIF) has served as a spark to attract the public and private investments needed to build this massive facility, and it is just one example of how the CIF is empowering a greener, more resilient future.

The Digital Divide: a challenge to overcome in tackling climate change

John Roome's picture
Students from Tonga's Tailulu College making the most of new high-speed broadband services at 2013 World Telecommunication and Information Society Day celebrations in the the Tongan capital, Nuku'alofa. Nukua'lofa, Tonga. Photo: Tom Perry / World Bank


Try to imagine a world without the Internet.

Impossible, isn’t it?

Over the past 25 years, the Internet has become the nervous system of our society, interconnecting all the different parts of our everyday lives. Our social interactions, ways of doing business, traveling and countless other activities are supported and governed by this technology.

At this very moment, just over three billion people are connected to the Internet, 105 billion emails are being sent, two million blog posts have just been written (including this one) and YouTube has collected four billion views. These numbers give you a glimpse of the extent to which humanity is intimately and deeply dependent on this technology.

The digital revolution has changed the daily lives of billions of people. But what about the billions who have been left out of this technological revolution?

This and many other questions have been addressed in the just released 2016 World Development Report 2016: Digital Dividends, which examines how the Internet can be a force for development, especially for poor people in developing countries.

The trillion dollar challenge

Abhishek Bhaskar's picture

 

According to the International Energy Agency (IEA), full implementation of countries’ submitted pledges for low-carbon development will require USD 13.5 trillion in investments in energy efficiency and low-carbon technologies from 2015 to 2030.  That’s almost USD 1 trillion every year. This means all hands need to be on the deck if the global community is to address one of the biggest development challenges of our times.

Climate services - Saving lives and livelihoods

Mafalda Duarte's picture
Copyright: Conect4Climate/World Bank

Climate change is affecting us all, but its impacts are hitting the poorest and those in poor countries hardest. That means developing countries vulnerable to sudden and slow-onset impacts of climate change need reliable and accurate weather and climate data and information to help them know when and how to protect their economies and communities.

Thinking big: The importance of landscape-scale climate action plans ahead of Paris

Ellysar Baroudy's picture
Credit: UN-REDD Programme/Pablo Cambronero 


The countdown is now well and truly onto to the Paris climate change talks in France.

A key factor in the talks will be the national plans, known as the INDCs - Intended Nationally Determined Contributions – submitted to the UN ahead of the Paris conference. They are important building blocks for reaching a final agreement.

Given that emissions from land use contribute significantly to climate change, it’s important to note many countries have included the land sector, which covers sustainable agriculture and forestry, as a key part of their approach to mitigating climate change.

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