IDB integrated strategy for climate change adaptation and mitigation, and sustainable and renewable energy

This strategy supports the climate change adaptation and mitigation agenda and sustainable and renewable energy in Latin America and Caribbean (LAC). It addresses the region's need to address climate change vulnerabilities and respond with adequate adaptation measures in key economic sectors as agriculture, water resource management and urban development, as well as to introduce clean energy alternatives to reduce GHG emissions linked to the growing demands of energy, industrialization and urban development. It seeks to provide guidance for the Bank’s dialogue with governments, civil society, and the private sector concerning regional and national climate policy agendas.

The strategy aims to serve as a guiding instrument to scale-up the IDB’s support for actions to mitigate and adapt to climate change within LAC by promoting the development and use of a range of public and private sector financial and non-financial instruments for strengthening LAC’s institutional, technical, and financial capacity to address climate change. It also integrates public and private financing and capacity building into a single framework for climate action, and orients the Bank’s efforts to strengthen and consolidate its own capacities, readiness and comparative advantages. Finally, it provides a mechanism to mainstream climate change sustainability objectives into the Bank’s operations.