Sustainability Report 2010 June 16th, 2011 Kingston, Jamaica
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Context for IDB’s Work Trends affecting sustainability in LAC: • Increased global demand for commodities • Expanding importance of tropical agriculture • Peri-urban growth • Climate change impacts
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Highlights • General Capital Increase (GCI) – 9: sustainability mandates • New Policies: Gender and Information Disclosure • Establishment of a new Independent Consultation and Investigation Mechanisms • Methodology to calculate GHG emissions from portfolio • Regional Environmentally Sustainable Transport Action Plan
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Increased Investment in Sustainability
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Today’s Focus on Climate Change & the Caribbean 1) Impacts of climate change and implications for tourism 2) Overview of IDB investments and technical support in climate change adaptation and mitigation
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Responding to the Challenge of Sustainability • Bank response to the challenges of sustainability – Investments – Grants & technical assistance – Special programs & partnerships • Areas of particular interest in the Caribbean – Climate change adaptation – Sustainable tourism – Disaster risk management
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Investing Sustainably (Loans)
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Investing Sustainably in the Caribbean (Loans) •
Included 6 loans approved in 2010 targeting environmental sustainability, climate change and sustainable energy in the Caribbean: – 2 Sustainable Energy Policy - US$55m (Sustainable Energy Investment Program, Barbados; Support for Sustainable Energy Framework for Barbados) – 1 Disaster Risk Management - US$30m (CCLIP Coastal Risk Assessment & Management Program in Barbados) – 1 Agricultural Improvements – US$30m (Program in Support of Subsidies for Innovation in Agricultural Technology, DR) – 1 Sanitation - US$9.5m (Georgetown Sanitation Improvement Program, Guyana) – 1 Solid Waste Management – US$2m (Georgetown Solid Waste Management Program-Supplementary Financing, Guyana).
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Advancing the Adaptation Agenda (Grants) • • •
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Adaptation is a critical part of the climate change response in the Caribbean which the IDB supports. It is needed even if current emission levels are controlled since climate change impacts are already unavoidable due to past emissions. Bank’s adaptation agenda has advanced through capacity-building workshops & a significant increase in the number of projects aimed at reducing vulnerability to climate change, as well as efforts to address potential risks in Bank operations in diverse sectors. Over 20 TCs approved 2008 - 2010 (US$13.5), including in the Caribbean: – Pilot Program for Climate Resilience – Caribbean Carbon Neutral Tourism Program
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Partnering with the GEF (Grants) • Six years of support to more than 16 countries, as an Executing Agency. • Projects in areas of energy efficiency, renewable energy, marine & coastal biodiversity, watershed management, & land degradation. • Bank increased GEF portfolio x1.7 in 2010: Six new projects US$17.1 million in GEF funds & counterpart funding of US87.7 million including two in the Caribbean: – Barbados: Support to the Sustainable Energy Framework. – Haiti: GEF Emergency Program for Solar Power Generation & Lighting.
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Investing in Sustainable Tourism •
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In the private sector a master financing facility recently approved, will provide up to US$42m in long-term IDB loans for up to eight Marriott hotels (expected to include: NI, GU, CR, JA, TT & ME) which will meet world-class environmental & sustainability standards (LEED). A further 5 private sector tourism projects in the Caribbean currently in different stages of preparation. Over 25 MIF tourism projects approved over the past 5 years including: – Tourism management based on Cultural Resources, Puerto Plata, DR – Community tourism enterprise development in the Rupunini, Guyana – Strengthening supply-chain activities in the ecotourism industry, Suriname In the private sector, investments are guided by the IDB Sustainable Tourism Scorecard, available online.
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Focusing on Disaster Risk Management • US$30m Coastal Risk Assessment & Management Program in Barbados, to continue to build coastal infrastructure that is resilient to climatic & other hazards. • 7 TCs (US$4.45m) : • Design & implementation of an integrated disaster risk management plan, Guyana. • Natural hazard management in urban coastal areas, Jamaica. • Support for improving integrated DRM for climate resilient development, Trinidad and Tobago. 16
Looking Ahead • Continued focus on: – Climate change mitigation & adaptation, & sustainable & renewable energy – Sustainable tourism – Sustainable transport – Sustainable cities – Indirect green investments through FIs • The sustainability Report will continue to play a role in generating knowledge about the sustainability challenges facing the region & disseminating the Bank’s response & actions to these through its support to member countries.
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