The researchers document that extreme heat has an economically and statistically significant negative effect on economic growth in Latin America. Because extreme heat impacts physical and cognitive performance,
This report on digital tokens for climate action and nature-based solutions forms a valuable addition to the emerging body of knowledge and is specially intended to inform, inspire, and spur action for
Energy storage can bring many benefits to electricity systems, including enhanced grid reliability, efficiency, and flexibility. It will also be a key enabler of mass decarbonization and climate change
The Latin American and Caribbean region is highly vulnerable to climate change. Historically, the region has adopted an “adaptation first” posture. The regions early adoption and implementation of the
Identifying and evaluating climate expenditures in the public sector, known as budget tagging, has generated increasing attention from multiple stakeholders, not only to assess the government’s climate
The Inter-American Development Bank (IDB) has issued an economics of climate change adaptation study for Trinidad and Tobago that can be applied to the broader Caribbean region, along with the information
This monograph is intended to assist planners in LAC in understanding how to assess the GHG emissions reduction benefits of sustainable transport projects, policies, and strategies. The document should
This new paper by Inter-American Development Bank provides a rationale for developing countries to announce future credible commitments to reduce GHG emissions even if these are not to materialize in the short run, and for domestic reasons only.
This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. The counterfactual of the cases studied is assessed by constructing synthetic control groups, taking advantage of the fact that the timing of large sudden natural disasters is an exogenous event.
Catastrophes caused by natural disasters are by no means new, yet the evolving understanding of their relevance to economic development and growth is still in its infancy. In order to facilitate further necessary research on this topic, this paper summarizes the state of the economic literature examining the aggregate impact of disasters.
