The region has a significant adaptation finance and investment gap ranging from $18 to $51 billion annually. Taking action now could reduce the vulnerabilities of businesses, increase the resilience of human and natural systems, and bring several additional benefits.
Businesses that manage and reduce their greenhouse gas (GHG) emissions have the opportunity to lower their production costs, become more efficient, develop resiliency against the impacts of climate change, and access markets with environmental demands and regulations.
An example of how carbon markets can be a useful tool to accelerate the energy transition process in Latin America and the Caribbean.
Several studies have shown that Nature-Based Solutions in private sector projects provide meaningful societal benefits for climate and social resilience, as well as ecosystem health.
Green finance in the private sector was predominantly linked to corporate responsibility. It’s now the time to integrate climate action into the core business of financial institutions.
Investing in preventative adaptation solutions can be more effective and less costly for the private sector than a late response. The opportunities available to adapt to climate change remain largely unmet.