Like other countries in Latin America, Colombia has been expanding its road network over the years using a variety of public-private partnership (PPP) models and contractual structures. However, many of these projects were not properly prepared and structured, which in some cases has led to contract renegotiations. In addition, these projects attracted very limited participation from international investors.
Latin America & Caribbean
My childhood forests are tall, old growth trees clinging to mountainous slopes.
My sister and I would spend the first two weeks of our summer break at camps in the mountains of Albania. Getting a spot at a camp was a coveted ‘luxury’ but my sister and I were lucky -our mother was an official chaperone. She would wake us at 5 am to walk in the forest before everyone else was up. I have to say that as a five year old I didn’t appreciate the scenery. It was too early in the morning and anyway who cared about birds and foxes? (One time though we did see a red squirrel jumping from tree branches and even I had to admit that was awesome.)
A young friend of mine grew up in Honduras. As he grew from boy to teenager, he inevitably drew the attention of the local street gangs. He managed to avoid getting caught up with them by coming directly home from school every day, and staying inside with his grandmother until school started again the next morning.
From the US, his mother, who had left Honduras to find work as a nanny when he was only three years old, Skyped with him daily. She debated about whether to send for him. Many of her friends had done this, only to lose their children to the same gangs that were trying to recruit them in Honduras, or to jail.
When I joined the Mexican ministry of education in 2008, one of the first challenges I had was to identify effective policies to reduce dropout rates in upper secondary (grades 10, 11 and 12). Eight years, two randomized control trials, numerous workshops, and several diagnostics later, I still don’t have a precise answer.
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.
- Biocarbon Fund
- Forest Carbon Partnership Facility
- Forest Investment Program
- Carbon Credits
- sustainable land management
- land management
- renewable energy
- solar energy
- Forest Management
- sustainable forest management
- Indigenous Communities
- Climate Change
- Latin America & Caribbean
Four years ago, while sitting on a plane heading for a business development trip to Asia, a colleague asked me if I had heard of a new course from Stanford University in which more than 100,000 students enrolled after it was put online. A nascent company called Coursera was behind the initiative, he told me. My interest piqued, I contacted Coursera founders Andrew Ng and Daphne Koller. A few short months later, the IFC decided to invest, the start of a relationship that continues to blossom.
It is estimated that in order to close the gap in infrastructure, the Latin America and Caribbean (LAC) region requires an additional investment of $120 –$150 billion a year. However, given the current low levels of public investment, coupled with the fiscal challenges faced by the region and limited funding available from Multilateral Development Banks (MDBs), it is clear that private investment will play an important role in future years.
In 2014, the G-20 strengthened MDBs’ mandate to take concrete and practical steps to ensure that MDB-based project preparation facilities (PPFs) and other related initiatives collaborate to support governments by developing prioritized pipelines of economically viable and bankable infrastructure projects that can attract the private sector.
It is widely acknowledged that reducing emissions from deforestation could bring about one-third of the greenhouse gas emission reductions we need by 2030 to stay on a 2-degrees trajectory. But protecting and managing forests wisely does not only make sense from a climate perspective. It is also smart for the economy. Forests are key economic resources in tropical countries. Protecting them would increase resilience to climate change, reduce poverty and help preserve invaluable biodiversity.
Here are just a few facts to illustrate why forests are so important. First, forests provide us with ecosystem services like pollination of food crops, water and air filtration, and protection against floods and erosion. Forests are also home for about 1.3 billion people worldwide who depend on forest resources for their livelihood. Locally, forests contribute to the rainfall needed to sustain food production over time. When forests are destroyed, humanity is robbed of these benefits.
The New Climate Economy report shows us that economic growth and cutting carbon emissions can be mutually reinforcing. We need more innovation and we need more investments in a low carbon direction. This requires some fundamental choices of public policy, and the transformation will not be easy. However, it is possible and indeed the only path to sustained growth and development. If land uses are productive and energy systems are efficient, they will both drive strong economic growth and reduce carbon intensity.
Already, the world's large tropical forest countries are taking action.