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climate change

Oil prices are plummeting, the United States and China made a major joint climate announcement, and renewable energy reached price parity with coal in a growing number of markets. Iconic tech companies—including Google and Apple—are playing a larger role in both renewable energy and home energy efficiency.

Against this backdrop, 2014 is on track to go down as the world’s hottest year ever recorded. Already, the first 10 months of 2014 have been the hottest on record globally. This is a troubling trend.

Despite difficult negotiations in Lima, discussions signaled the positive outlook among development banks for expanding climate finance in Latin America and the Caribbean.

With increasing low-carbon investments, pledges to the Green Climate Fund, and ambitious renewable energy and efficiency targets demonstrate robust political and financial commitments, building momentum for a strong global response to climate change.


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