Carbon Markets: Prospects and Challenges in Latin America and the Caribbean

CAF -development bank of Latin America and the Caribbean- and the Argentine Development Bank (BICE) invite you to this forum that will focus on analyzing the prospects of carbon markets and their use as a tool to contribute to climate change mitigation goals.

There is a global challenge to limit global warming by avoiding an increase of 2.0 degrees Celsius above pre-industrial levels. Achieving this goal requires global GHG emissions to be reduced by 50% of current levels by 2030 and to reach net-zero emissions by 2050. To achieve this goal we need financial resources and a joint effort by the region's public and private sectors, as well as organized civil society.

In this context, Latin America and the Caribbean have some of the largest natural capital on the planet, which presents the region with a great opportunity to contribute to these goals. However, in order to capitalize on this opportunity, our region needs to make significant progress in a uniform and organized manner, demonstrating professionalism and transparency, based on solid and convergent regulations, strengthening institutional capacities, improving processes and generating spaces for public-private articulation under a premise of reliability, transparency and integrity.

This forum aims to:

  • Open an orderly and structured debate on the opportunities generated from articles 6.2 and 6.4 of the Paris Agreement, to contribute to the climate goal of reducing GHG emissions and therefore global warming.
  • To discuss the conditions that will make it possible for carbon markets, regulated and voluntary, to mobilize financing for Latin American and Caribbean countries, ensuring the integrity and transparency of operations.
  • To have a roadmap that allows CAF to create an agenda for the strengthening of carbon markets, the generation of national and regional capacities and the creation of spaces for cooperation between countries and the different actors of the market for a better positioning of the region in this issue.


Date: August 29, 2023

Time: 9:00 A.M. (Buenos Aires time)

This event will be broadcasted on this web page.



*Local time (of the country where you are located)
  • Welcome Remarks
    • Jorge Srur South Regional Manager, CAF- development bank of Latin America
    • Ignacio de Mendiguren Secretary of Industry and Productive Development, Argentina
    • Cecilia Nicolini Secretary of Climate Change, Sustainable Development and Innovation of the Nation
  • Forum opening
    • Mariano de Miguel President, Bank of Investment and Foreign Trade (BICE)
    • José Ricardo Sasseron Vice President of Corporate Governance and Sustainability, Banco do Brasil
    • Jorge Arbache Private Sector Vice-president, CAF -Development bank of Latin America and the Caribbean-
  • Panel 1: Global Perspective and Carbon Market Trends

    This panel will include the keynote presentation "State and Trends of Carbon Pricing 2023" by Alejandra Mazariegos of the World Bank.

    Moderator: Cristian Grisales - Senior Executive, Climate Action and Positive Biodiversity Management, CAF- Development Bank of Latin America and the Caribbean-.

    • Daniel Galván Official, UNFCCC Programs
    • Amy Kessler Director, Climate Action Reserve (CAR) in Latin America
    • Camilo Trujillo Technical Analyst, IETA International Emission Trading Association (Lead in Latin America)
    • Tatiana Cneio Alves (TBC) Sector Leader in Green Finance, Inter-American Development Bank (IDB)
    • Manuel Otero Director General, IICA
    • Kelly Witkowsky Manager of the Climate Change and Natural Resources Program, IICA
    • Alicia Montalvo Manager for Climate Action and Positive Biodiversity, CAF-Development Bank of Latin America and the Caribbean-
  • Panel 2: Challenges in the Region

    This panel will include a Keynote Presentation (10min) by Luan Dos Santos, Climate Nucleus Expert, Federal University of Rio de Janeiro.

    Moderator: Martha Castillo - Director of Biodiversity and Climate Technical Assistance, Climate Action and Positive Biodiversity Management, CAF- Development Bank of Latin America and the Caribbean-.

    • Luan Dos Santos Expert of the Climate Center, Federal University of Rio de Janeiro
    • Tatiana Sasson Associate Partner, McKinsey
    • Adriana Gutierrez Mitigation Coordinator, Ministry of Environment and Sustainable Development of Colombia
    • Ligia Castro Director of Climate Change, Ministry of the Environment of Panama
    • Florencia Mitchell Director of Climate Change, Ministry of Environment and Sustainable Development, Argentina
    • José Miguel Alvarado Advisor to the Undersecretary of Finance of Chile
  • Case study: Microsol - Peru
    • Dorothee Pie CEO, Microsol
  • Break
  • Panel 3: Integrity and Pricing

    In this panel there will be a Keynote Presentation (10min) on financing projects that emit carbon credits guaranteeing integrity, by Gabriel Maceron Santamaria Executive Manager of Corporate Sustainability.

    Moderator: Carla Pitiot, Vicepresident BICE

    • Daniel Ortega Director of Impact Assessment at CAF -Development Bank of Latin America
    • George Hodgetts Policy Associate at VCMI
    • Frederick Perron-Welch CAF Consultant, General Principles and Criteria for Projects
    • Mathew Greninger Sales Vicepresident, Sylvera
    • María Elisa Vollmer Project Data Manager, Viridios AI
  • Closing Remarks
    • Gladis Genua Director Representative of CAF - Development Bank of Latin America and the Caribbean - Bolivia