Representatives included ministers, vice-ministers, presidential advisers, country delegation chiefs and the chief of the IDB’s Climate Change and Sustainable Energy Unit, Walter Vergara. Also in attendance were representatives of institutions such as Mexico’s National Ecology Institute (INE), the Overseas Development Institute (ODI), and the United Nation’s Economic Commission for Latin America (ECLAC).
The IDB is committed to promoting low-carbon economic growth in Latin America and the Caribbean. To that end, it is providing technical and financial support for studies and for action programs related to reducing countries’ vulnerability to the effects of climate change, increasing their ability to adapt to the realities of climate change, and helping them reduce greenhouse gas emissions. As part of the recent agreement among its shareholders to increase the Bank’s capital, it was agreed that 25 percent of the institution’s lending by 2015 would be designated for projects related to climate change, renewable energy and environmental sustainability.n