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This report details the activities of the Inter-American Institute for Global Change Research (IAI) Directorate from 1 July 2023 to 13 October 2023. It focuses on the implementation of decisions from the 31st meeting of the Conference of the Parties (CoP-31), specifically regarding research programs on climate-health and ocean systems, science diplomacy, and the expansion of institutional associations.

The IAI Executive Directorate has advanced several strategic mandates from CoP-31, including the launch of a climate, environment, and health research program, the establishment of an Oceans, Islands, and Coastal Regions Committee, and the expansion of scientific diplomacy initiatives. Key achievements include the distribution of initial grants to 12 research teams across 15 countries, the development of partnerships with the University of the West Indies and the Global Change Research Center in Paraguay, and the implementation of the Science, Technology, and Policy (STeP) Fellowship with 45 fellows. The Directorate is also coordinating regional efforts on the Amazon and tropical forests, as well as enhancing gender and indigenous inclusion through new advisory committees and targeted funding for underrepresented researchers.

The Green Climate Fund's Accreditation Panel recommends the re-accreditation of the Food and Agriculture Organization of the United Nations (FAO) for a second term, maintaining its scope for medium-sized projects and medium environmental and social risk (Category B). The assessment confirms FAO's strong technical expertise in adaptation, REDD+, and the blue economy, and its ability to implement GCF's gender and environmental and social policies. While generally compliant, the Panel identified a gap in explicit policy statements regarding Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), making the re-accreditation conditional upon the formal approval of an AML/CFT policy or the inclusion of consistent statements within its prohibited practices policies.

Carbon Market Watch has filed a formal complaint with Verra based on research from the University of California (Berkeley) that identifies 'major deficiencies in project integrity and rigour' across several REDD+ projects. The document alleges that Verra and its validation/verification bodies (VVBs) failed to uphold standards, resulting in the issuance of carbon credits that are not 'environmentally sound'. Key failures cited include non-conservative forest carbon accounting, lack of transparency in allometric equations, inadequate community consultation, and the underestimation of natural reversal risks. The complainant calls for an internal investigation, a halt on credit issuance for the affected projects, and the cancellation of wrongfully issued credits.

The report finds that REDD+ projects under Verra's methodologies systematically over-credit their climate benefits due to inflated baselines, underestimated leakage, and exaggerated forest carbon stocks. It further argues that social safeguards are often treated as a 'check-box activity,' failing to protect vulnerable forest communities from displacement and rights violations. The authors conclude that REDD+ is ill-suited for generating carbon offsets and recommend a shift toward a contributions-based approach and rights-based safeguards.

The report identifies a critical policy gap where climate change, food insecurity, and national security are often addressed in silos. It argues that while the U.S. intelligence and military communities recognize these as top security concerns, current interventions remain focused on immediate humanitarian aid rather than long-term community resilience. The document recommends scaling up R&D, synchronizing agricultural emission cuts with food supply needs, and integrating geopolitical risks into strategic military and government planning to prevent global instability and conflict.

The report uses the Six Americas Super Short Survey (SASSY) to categorize Facebook users in 110 countries and territories into six groups: Alarmed, Concerned, Cautious, Disengaged, Doubtful, and Dismissive. The 'Alarmed' group is the largest in approximately 80 of the surveyed locations, with the highest percentages found in Chile (65%), Mexico (64%), Malawi (63%), Bolivia (62%), and Sri Lanka (61%). Conversely, the United States exhibits a higher proportion of 'Doubtful' and 'Dismissive' respondents (22%) compared to other major carbon emitters and is less 'Alarmed' (34%) than many of its peers. Regional analysis shows South America has the highest proportion of countries with a majority of 'Alarmed' respondents, while Southwest Asia and North Africa show higher levels of doubt or dismissal, particularly in Yemen (34%).

The sustainable debt market in Latin America and the Caribbean (LAC) reached a cumulative total of USD 154.1 billion by the end of 2022. While the region represents only 4% of global sustainable debt, these instruments account for approximately 21% of the region's total debt volume from 2019 to 2022. The market is led by Chile, Mexico, and Brazil, with a strong presence of sovereign issuers and development banks. Key trends include the rise of sustainability-linked bonds (SLBs), the emergence of 'blue bonds' for ocean conservation, and the development of national taxonomies in Colombia and Mexico to standardize sustainable investments.

The VSS+ debt market in Latin America and the Caribbean (LAC) reached a cumulative total of $154.1 billion by the end of 2022. While the market experienced a volume contraction in 2022 due to global inflation and rising interest rates, it represents approximately 21% of the region's total debt volume from 2019 to 2022. Sustainable bonds are the largest segment (35%), followed by green (28%), social (19%), and sustainability-linked bonds (SLBs) (17%). Chile, Mexico, and Brazil are the primary markets, with Chile being the only country to have issued sovereign bonds across four of the five thematic labels. The report highlights the emergence of 'blue bonds' and nature-debt swaps in the Caribbean and Ecuador, and emphasizes the need for standardized taxonomies and improved reporting transparency to attract further international capital.

The 31st meeting of the IAI Conference of the Parties (CoP-31), held in Panama City in June 2023, resulted in the adoption of 23 decisions. Key outcomes include the creation of the IAI Science Diplomacy Center, the establishment of an Indigenous Peoples and Local Communities Advisory Committee, and the mandate to develop research programs on the nexus of climate, environment, and health, as well as oceans and coastal systems. The meeting also addressed financial sustainability, noting that voluntary contributions have not increased in over 30 years, and approved the core budget for FY 2023-2024.

The 55th meeting of the IAI Executive Council focused on financial sustainability, leadership transitions, and regional climate initiatives. The Council recommended that the Conference of the Parties (CoP) approve the FY 2023-2024 Core Budget and establish a working group to increase voluntary contributions and diversify funding sources, noting that the core budget has not increased since 1992. The meeting also introduced Dr. Anna Stewart-Ibarra as the new Executive Director and Dr. Edwin Castellanos as the incoming Science Director. Additionally, the Council discussed a Regional Assessment of global change policy priorities and an initiative to enhance national climate assessment capacities in Latin America and the Caribbean.

The report identifies Project GAIA as a Category I-1 private sector programme operating across multiple countries in Africa, Asia, and Latin America and the Caribbean. It confirms that an Environmental and Social Management System (ESMS), which includes frameworks for land acquisition, resettlement, indigenous peoples, and biodiversity management, was disclosed on June 23, 2023, in English and several local languages.

This document is a list of participants for the 31st Meeting of the Executive Council to the Inter-American Institute for Global Change Research, held on June 21, 2023, in Panama City and via videoconference.

The Regional Workshop on Climate, Environment, and Health, held in March 2023 in San Martín de los Andes, Argentina, focused on strengthening public institutional capacity to address environmental determinants of health (EDHs) in the Americas. The event convened nearly 100 experts from 20 countries to promote transdisciplinary and intersectoral collaboration. Key outcomes included the development of 13 seed grant proposals addressing issues such as dengue, heatwaves, and zoonoses, and the announcement of the Belmont Forum Collaborative Research Action (CRA2) funding call. The workshop also highlighted local climate and health initiatives in Neuquén Province, including GHG inventory efforts in San Martín de los Andes and vector-borne disease control in Neuquén Capital.

The report examines the global palm oil sector, highlighting the growth of VSS-compliant production and the challenges faced by smallholders. It analyzes how climate change and geopolitical conflicts, such as the war in Ukraine, affect supply and pricing. The document argues that while VSSs can reduce deforestation and improve yields, the lack of consistent price premiums and high certification costs hinder their adoption by smallholders. It concludes with recommendations for better price transparency, living wage benchmarks, and stronger government support to build a more sustainable value chain.

The IAI Directorate reported progress in integrating gender and equity into scientific projects, enhancing the science-policy interface through the Science Diplomacy Center (SDC) and STeP fellowships, and implementing regional climate and health initiatives. Key achievements include the launch of a climate and health responder course for Latin America, the publication of a compendium on climate impacts in the LAC region, and the development of a drought information system for Southern South America. The Directorate also expanded its collaborative research actions with the Belmont Forum and established partnerships with organizations like the WMO and PAHO to improve climate risk assessments and early warning systems.

The IAI Executive Direction reports progress across science, capacity building, and strategic implementation between 2022 and 2023. Key achievements include the establishment of a Gender, Equity, Diversity, and Inclusion (GEDI) committee, the launch of the Science Diplomacy Center (SDC), and the expansion of the Science, Technology, and Policy (STeP) Fellowship program to 64 fellows from 13 countries. The IAI also advanced regional initiatives on the climate-health nexus, drought information systems in South America, and collaborative research through the Belmont Forum. Strategic partnerships were strengthened with organizations such as the World Meteorological Organization (WMO) and the Pan American Health Organization (PAHO) to enhance climate risk assessment and science-policy interfaces in the Americas.

This document is a report on the 2023 Extraordinary meeting of the Conference of the Parties (CoP) to the Inter-American Institute for Global Change Research (IAI), held via videoconference on 18 April 2023. The primary purpose of the meeting was the election of a new Executive Director for the IAI.

The 2023 Extraordinary meeting of the Conference of the Parties to the Inter-American Institute for Global Change Research (IAI) was held on 18 April 2023 to elect a new Executive Director. Following a recruitment process overseen by a 10-member search committee, Dr. Anna Stewart Ibarra was recommended and subsequently elected to a three-year term. The search committee highlighted the need for the IAI to bridge the gap between science and policy to address global environmental change challenges in the Americas.

On April 18, 2023, the IAI Conference of the Parties held an extraordinary meeting via videoconference to elect a new executive director. Following a selection process managed by a 10-member committee, Dr. Anna Stewart-Ibarra was recommended and subsequently elected to the position for a three-year term. The selection committee emphasized the need for leadership capable of bridging the gap between science and policy to address global environmental change in the Americas.