Climate investment opportunities are evident if we consider it is estimated that approximately €13 billion worth of global investment in clean energy will be needed by 2040 to meet the 2° reduction goal set by the Paris Agreement. For Latin America and the Caribbean (LAC), climate investment opportunities are expected to reach US$5 billion by 2030, in the urban sector alone.
Challenges and Opportunities
The Intergovernmental Panel on Climate Change (IPCC) Special Report on global warming increasing by 1.5°C proved that urgent measures are needed to avoid the threat posed by climate change and to permit sustainable development in line with the Sustainable Development Goals of the United Nations and the Paris Agreement.
The population in LAC is expected to reach 780 million people by 2050. 60% of this population will live in cities. In order to guarantee living standards, investment in infrastructure must be increased. However, climate change poses a threat to this investment and therefore affects the potential for economic growth in the region.
Although our carbon footprint is a somewhat modest 7.7 tCO2 per capita, in order to comply with the Paris Agreement, this number needs to drop to 2 tCO2 per capita by 2050. This is not possible without rethinking how energy is produced, how people and goods are transported, and how we use our land. An era of huge change is upon us with new technology, renewable energy, oil price changes, and new forms of transport.
We promote smart solutions for sustainable businesses.
We help companies implement mitigation and adaptation strategies into their business. We work with clients from various sectors to develop and rethink their strategy, making the most of new climate technology power, identifying present and future climate risks, and discovering and entering into new markets.
Discover other solutions
Resource Mobilization
As a multilateral development bank, we can structure loans and bonds to expand the pool of funds available for investment in the private sector.
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Blended Finance
By putting concessional donor funds to work in targeted ways, we can often tap into new sources of capital for high-impact projects.
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Publications
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September 2021Climate Risk and Ports: A Practical Guide on Strengthening Resilience
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December 2019Investing in Reversing: Sustainable Finance Strategies Against Climate Change
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August 20202019 Joint Report on Multilateral Development Banks' Climate Finance
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December 2019
Investing in Reversing: Sustainable Finance Strategies Against Climate Change
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June 2019Key figures: 2018 Joint Report on Multilateral Development Banks’ Climate Finance
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July 20182017 Report: Climate Finance - Joint report on multilateral development banks'
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July 2018Renewable Energies in Latin America and the Caribbean: Honduras Solar Energy
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Hilen leads the Climate Change Advisory Services Team at IDB Invest, which she joined in 2017. She is responsible for developing innovative strategies and implementing solutions to reduce the impact of climate change, that include governments and companies of various sectors in countries of Latin America and the Caribbean.
She has extensive experience in creating favorable conditions for environmentally-friendly investments and leveraging international climate funds that help channel private investment to the region.
She joined the IDB Group in 2009 and specialized in the development and implementation of climate policies. Hilen earned a PhD in philosophy, politics and government and a master’s degree in international economic development from Georgetown University (USA).
She also earned a master’s degree in political sciences from the Hebrew University of Jerusalem (Israel) and an undergraduate degree in political sciences from Universidad Católica de Córdoba (Argentina).
Contact: hilenm@idbinvest.org