The Climate Change Sector Framework Paper guides the IDB Group's activities in Latin America and the Caribbean on this topic. It details four key challenges in the area of climate change, analyzes the effectiveness of policies aimed at each challenge, and reviews lessons learned from previous IDB experiences in the region. It also proposes four evidence-based strategies for action. The document is structured around four cross-cutting thematic axes: (1) climate adaptation and resilience, (2) decarbonization, (3) governance, and (4) financial flows.