Development finance institutions have a crucial role to help bring about the needed shift in global food systems and the land sector more specifically.
Climate change has clearly arrived on the financial world’s agenda. The number of asset owners and asset managers joining international climate initiatives is growing, and financial institutions increasingly set dedicated climate targets.
The global energy crisis has exposed weaknesses in energy systems across Southeast Asia and underpins a need for more ambitious energy transition pathways and a revised approach to energy security.
The report assessed the potential contributions of 12 international sector initiatives launched around and during COP26 (hereinafter, ‘Glasgow initiatives’) on future greenhouse gas (GHG) emission reductions.
Various public development banks provide unearmarked loans to countries in exchange for policy and institutional reforms through what are known as “policy-based operations”.
Emissions under current policies in the group of countries analysed are projected to reach 36.2-41.8 GtCO2e by 2030, which corresponds to a change between -4% and +11% compared to 2019, pre-pandemic levels.
The Net Zero Stocktake 2022 report shows that target-setting momentum continues and measures of quality are improving, but also that an alarming lack of credibility pervades the entire landscape. Net zero is the dominant lens through which countries, states and regions, cities and companies approach decarbonisation.
This working paper provides an overview of climate commitments and actions from non-state (businesses and civil society) and subnational (cities, subnational regions) actors in the Latin America and the Caribbean (LAC) region.
