Climate Change at the IDB: Building Resilience and Reducing Emissions
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Climate change (CC) poses important risks to development in Latin America and the Caribbean (LAC). Climate adaptation can limit the negative impacts and is important in achieving sustainable development and equity, including poverty reduction and economic growth. Integrating climate change mitigation into development work is also an opportunity to foster and support the design and implementation of sustainable projects, programs and policies. Low-carbon alternatives contribute to more sustainable development. LAC countries are increasingly incorporating CC in their national policy agendas and aim to reduce GHG emissions and build climate resilience and the IDB has supported these efforts in the Region. In 2013-2014, the Office of Evaluation and Oversight (OVE) carried out an evaluation of IDB's support for CC mitigation and adaptation (RE-459-1). This is OVE's first evaluation of IDB's interventions and institutional set-up related to climate change. The evaluation seeks to document and to draw lessons from the recent IDB experience related to climate change (2004-2014). It focuses on IDB-financed operations in important climate-related sectors (agriculture and natural resources, energy, disaster risk management, and transport)that directly support climate resilience-building (adaptation) or GHG emissions reduction (mitigation) or that have these outcomes as co-benefits.