Climate Policies in Latin America and the Caribbean: Success Stories and Challenges in the Fight against Climate Change

This work is aimed at nontraditional climate policy actors such as the finance and planning ministries of Latin America and the Caribbean. The objective is to provide a glimpse into the existing, limited, regional examples of how effective climate policy may be achieved while also contributing to sustainable economic and social development. The objectives of this work are multiple: (i) identify regional, tested, growth-spurring policy options that also contribute to sustainable development; (ii) present public and private financial solutions that may enable a just transition; (iii) offer considerations on regionally relevant green recovery packages; (iv) frame these elements within the existing regional political economya necessary condition for effective implementation; and (v) identify existing knowledge gaps while suggesting research avenues to further support the adoption of relevant measures. The Latin American and Caribbean region is highly vulnerable to climate change. Historically, the region has adopted an “adaptation first” posture. The regions early adoption and implementation of the Paris Agreements Nationally Determined Contribution (NDC) framework also led to some ambitious decarbonization plans, as well as to considerable advances in the energy and transportation sectors. As countries submit the second iteration of their NDCs, some coordinated whole-of-government approaches emerge. Notwithstanding some positive signs, plenty remains to be done in sectors such as agriculture. From an implementation perspective, the challenge remains the same: to transform ambitious objectives into measurable results.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Mauricio Cárdenas
Language:	English
Published:	Inter-American Development Bank
Subjects:	Climate Policy, Decarbonization, Greenhouse Gas Emission, Green Bond, Green Finance, Climate Change Mitigation, Climate Finance, Sustainable Development, Global Warming Politics, Nationally Determined Contribution, Paris Agreement, Renewable Energy, Q01 - Sustainable Development, O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products, O54 - Latin America • Caribbean, Q58 - Government Policy, Q56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth, O18 - Urban Rural Regional and Transportation Analysis • Housing • Infrastructure, O23 - Fiscal and Monetary Policy in Development, O20 - Development Planning and Policy: General, O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance, O10 - Economic Development: General, O38 - Government Policy, O19 - International Linkages to Development • Role of International Organizations, Q28 - Government Policy, Q50 - Environmental Economics: General, Latin America;climate change;climate policy;sustainable development;decarbonization;sustainable recovery;Climate Crisis;Fiscal Instruments;Green Recovery,
Online Access:	http://dx.doi.org/10.18235/0003239 https://publications.iadb.org/en/climate-policies-latin-america-and-caribbean-success-stories-and-challenges-fight-against-climate
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