NDC Invest: Supporting Transformational Climate Policy and Finance

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Date
Jun 2021
The Inter-governmental Panel on Climate Change (IPCC) indicates that meeting the Paris Agreement's goal of limiting the global temperature rise from pre-industrial levels to between 1.5 and 2 degrees Celsius requires reaching net-zero emissions of carbon dioxide (CO2) between 2050 and 2070, as well as deep reductions in the emissions of other greenhouse gases by around mid-century (GHGs) (IPCC, 2018). At the same time countries need to build resilience to face the changes that cannot be avoided. NDC Invest was created as the one-stop-shop of the IDB Group providing technical and financial support for countries in Latin American and Caribbean (LAC) in their efforts to achieve the climate objectives under the Paris Agreement, seeking to transition to a net zero, resilient and sustainable development pathways that improve quality of life and prosperity in LAC.

Through our research and experience supporting countries and piloting solutions we have developed a toolbox for support. This paper describes three NDC Invest products to support Governments to tackle challenges and scale up action towards a climate aligned and sustainable development path: i) the design of Long-Term Strategies (LTS) for net-zero emissions and resilience; ii) design of ambitious Nationally Determined Contributions (NDCs), aligned to LTS; and iii) design of investment plans and finance strategies. Our three products are not a fix recipe, but rather a toolbox to provide flexible and relevant solutions tailored to country needs and context, and different stages of design and implementation of their climate targets.