The year concludes with significant challenges, demanding flexible and creative solutions. Fortunately, the private sector is increasingly showing interest in issues aimed at promoting a fairer and more sustainable world. Here's a snapshot of the topics that garnered the most attention in IDB Invest’s corporate blog, Negocios Sostenibles, over the past twelve months.
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.
Sustainable tourism helps to finance land conservation efforts while preserving natural ecosystems. A recent initiative in Chile’s Torres del Paine national park is a great example of this.
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.
The abundance of renewable resources places the regional industry well below many of its rivals in terms of greenhouse gas emissions per unit of electricity generated — a unique advantage that can help the region move rapidly towards the net-zero emission target.