In 2021, the IDB Group mobilized $6,000 million in climate finance, half of which, $3,000 million, was allocated to mitigation projects and activities in various countries of Latin America and the Caribbean.
In the coming days, the Ibero-American Development Bank will host other events in the MBD Pavilion of the COP27 Congress Center: “Innovation Ecosystems and Climate Action,” for the 10th; and “How Climate Finance Mobilization Promotes Adaptation and Resilience in the Private Sector of Latin America and the Caribbean,” at 12.
Until November 18, the COP27 climate summit will bring together nearly 40,000 participants, including governments, academics, climate activists, businesspeople and civil society representatives, to make commitments to tackle the climate crisis.
Financing adaptation to climate change It is one of the central themes of the meeting, which will devote the entire day of November 9 to analyzing how to solve the problem of paying for decarbonisation and the energy transition.
Source: El heraldo
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
