Nature-based solutions: Increasing private sector uptake for climate-resilience infrastructure in Latin America and the Caribbean
As greenhouse gas emissions continue to rise, climate change impacts are becoming more acute and frequent, driving the need for climate resilience in infrastructure investments across Latin America and the Caribbean (LAC). Climate-related hazards, exacerbated by El Niño–Southern Oscillation events, have led to disasters causing billions of dollars of costs and production losses, which will only increase over time.
Climate change can impact both infrastructure service delivery e.g. water supply and infrastructure assets e.g. roads and buildings on coasts. At the same time, nature and ecosystem services are under severe threat. Globally, over 85% of wetlands have been converted, 75% of land surface has been altered, 66% of oceans are experiencing cumulative threats, and millions of hectares of primary forest have been lost.
Solutions that can build climate resilience, deliver enhanced infrastructure services, and maintain the valuable ecosystems that humans depend on, are urgently required to address a range of issues in tandem In addition to outlining some of these technical, institutional, financial and policy barriers.
This Emerging Findings discussion paper identifies initial opportunities and actions for change to help advance the nature based solutions agenda in Latin America and the Caribbean.
Explore further
