The Inter-American Development Bank (IADB) hired TIV to conduct a proprietary analysis on the Impact of Digitization and Emerging Technologies on Climate Change

As the volatility of the climate continues to amplify concerns surrounding the world’s environmental future, the IADB has made it a central mission to find solutions to this growing problem, with emphasis on Latin America and the Caribbean. For example, the IADB notes that by 2050 “rising sea levels, temperatures increases, changes in rainfall patterns will result in an estimated annual cost of around 2-4 percent of the region’s GDP.”As part of their initiative, the IADB reached out to TIV to conduct a proprietary assessment of how 4th Industrial Revolution Technologies could be implemented in mitigating and adapting to climate change. The study produced by TIV accomplished the following:

  • The current landscape of environmental problems globally and at the LAC regional level was established

  • A novel survey was conducted on how 4IR technologies are currently being implemented towards environmental solutions in Latin America

  • Best practices for digital technologies were recommended, with supporting research and case studies of LAC countries and from around the world.

Other topics covered by TIV’s investigation included: the role of smart and sustainable cities and communities; using digital technologies towards fostering climate resilience and smart agriculture; the use of climate informatics, such as implementing an AI-driven community disaster-response data and analytics platform; the use of big data in disaster management digital solutions such as blockchain in monitoring, reporting and verification(MRV); use of digital technologies in cash transfer programing for disaster preparedness and recovery; Early Warning Systems and the use of blockchain in Land registration and management/securing property rights.

The insights of this investigation have sparked current IADB projects, in addition to setting the tone for future IADB projects related to data/digitization and climate change. Notably, many of the recommendations set in TIV’s study have provided guidance for these developments.

 

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