The need for investment in sustainability with a focus on climate finance was one of the main topics discussed on the second day of the Latin American and Caribbean Week on Climate Change, this Tuesday (20), in Salvador. In one of the lectures, Bárbara Brakarz, senior specialist in Climate and Sustainability of the Climate Change Division of the Inter-American Development Bank (IDB), spoke about the importance of investing and financing projects related to climate effects in the world.
“Today, in Brazil, the need to invest in sustainability, mitigation and adaptation to climate change is becoming increasingly clear. Not only because we are seeing the effects of climate change on our city and our agricultural production, but because evidence increasingly shows that climate change means a cost to the country, an economic and financial cost to the population. Therefore, governments, the private sector and the financial market are mobilizing, becoming aware that this [care] is not only an investment opportunity, but a necessity,” he said.
Votorantim: carbon pricing is already a reality
For Fabio Cirilo, energy efficiency consultant at Votorantim Cimentos, a company associated with CEBDS, carbon pricing is already a reality: “The price of carbon is rising and this has an impact on business. We need to understand this challenge. We are doing our part to reduce carbon emissions and pricing is one of the answers. We understand that the challenge of reducing carbon emissions is not only about the environment. It is also about the economy,” he said.
Ângela Kallhauge, representative of CPLC, emphasized that the entity aims to join forces around the world to advocate in favor of carbon pricing and communicate the initiative as effectively as possible: “The commitment that the private sector exerts alongside the public sector, facilitating joint actions, is commendable. This is how CPLC works: together, through dialogue.”
