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Financing for climate change in Latin America and the Caribbean in 2014

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  • Samaniego, Joseluis
  • Schneider, Heloísa

Abstract

Quantifying the resources mobilized to tackle climate change makes it possible to ascertain the region’s status in this area and the opportunities it offers. It provides countries with the detailed information they need to move forward and prepare to meet the objectives of the United Nations Framework Convention on Climate Change (UNFCCC). With accurate, up-to-date information on climate finance flows, countries can define their strategies for the transition to more sustainable development scenarios with a smaller environmental footprint and fiscal agents can identify gaps between supply and demand for specific financial instruments. The hope is that, rather than investment by fund providers and managers in sustainable initiatives with a smaller environmental footprint being an exception or anomaly, it will become a business model that gradually decouples economic development, investment and social inclusion from greenhouse gas (GHG) emissions.

Suggested Citation

  • Samaniego, Joseluis & Schneider, Heloísa, 2015. "Financing for climate change in Latin America and the Caribbean in 2014," Documentos de Proyectos 40154, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col022:40154
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    File URL: http://repositorio.cepal.org/handle/11362/40154
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    References listed on IDEAS

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    1. Lindenberg, Nannette, 2014. "Public instruments to leverage private capital for green investments in developing countries," IDOS Discussion Papers 4/2014, German Institute of Development and Sustainability (IDOS).
    2. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, October.
    3. Howard Kunreuther, 2015. "The Role of Insurance in Reducing Losses from Extreme Events: The Need for Public–Private Partnerships†," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 40(4), pages 741-762, October.
    4. World Bank, 2015. "The World Bank Annual Report 2015," World Bank Publications - Books, The World Bank Group, number 22550.
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