Climate change is the defining development challenge of our time. More than a global environmental issue, climate change is also a threat to poverty reduction and economic growth and may unravel many of the development gains made in recent decades. Latin America and the Caribbean account for a relatively modest twelve percent of the world's greenhouse gas (GHG) emissions, but communities across the region are already suffering adverse consequences from climate change and variability. As highlighted in 'Reducing Poverty, Protecting Livelihoods, and Building Assets in a Changing Climate (Verner 2010), climate change is likely to have unprecedented social, economic, environmental, and political repercussions.