Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary)
All Latin American and Caribbean countries have ratified the Paris Agreement, which aims to limit global warming to between 1.5C and 2C above pre-industrial levels. Those goals require achieving zero net carbon dioxide emissions by 2050 and substantial reductions in CO2 emissions by 2030. Achieving zero net emissions takes stock of the lessons learned from the experiences of the teams in the countries that implemented Deep Decarbonization in Latin America and the Caribbean by the IDB and proposes approaches to develop and offer long-term pathways for zero net emissions by 2050. The report shows the essential role that long-term strategies play in terms of identifying and planning the deployment of the infrastructure and policy packages necessary to ensure a just transition to a zero net emissions economy. Long-term strategies will help governments anticipate fiscal and financial costs, manage compensation, minimize social impacts, and define the sequence of policy reforms and investment priorities necessary to achieve a carbon-neutral future. Designing long-term strategies for 2020 in line with the timeline provided in the context of the Paris Agreement can guide the establishment of more ambitious National Level Determined Contributions (NDCs) and minimize abandoned assets and associated costs. Long-term strategies are an essential instrument, both to contribute to the redirection of public and private investments, and to guide dialogue with development institutions that seek to support inclusive and sustainable development. As we read this report, we hope that decision makers and technicians get an idea of how to successfully deliver decarbonization.
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dig-bid-node-198442020-11-30T19:06:19ZGetting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) 2019-12-03T12:00:00+0000 http://dx.doi.org/10.18235/0002042 https://publications.iadb.org/en/getting-net-zero-emissions-lessons-latin-america-and-caribbean-executive-summary Inter-American Development Bank Sustainable Development Renewable Energy Fossil Fuel Paris Agreement Climate Change Mitigation Greenhouse Gas Emission Low-Carbon Economy Decarbonization O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products O33 - Technological Change: Choices and Consequences • Diffusion Processes Q54 - Climate • Natural Disasters and Their Management • Global Warming Q52 - Pollution Control Adoption and Costs • Distributional Effects • Employment Effects Q58 - Government Policy F53 - International Agreements and Observance • International Organizations O15 - Human Resources • Human Development • Income Distribution • Migration L50 - Regulation and Industrial Policy: General O44 - Environment and Growth climate change;Sustainable Infrastructure;net-zero emissions All Latin American and Caribbean countries have ratified the Paris Agreement, which aims to limit global warming to between 1.5C and 2C above pre-industrial levels. Those goals require achieving zero net carbon dioxide emissions by 2050 and substantial reductions in CO2 emissions by 2030. Achieving zero net emissions takes stock of the lessons learned from the experiences of the teams in the countries that implemented Deep Decarbonization in Latin America and the Caribbean by the IDB and proposes approaches to develop and offer long-term pathways for zero net emissions by 2050. The report shows the essential role that long-term strategies play in terms of identifying and planning the deployment of the infrastructure and policy packages necessary to ensure a just transition to a zero net emissions economy. Long-term strategies will help governments anticipate fiscal and financial costs, manage compensation, minimize social impacts, and define the sequence of policy reforms and investment priorities necessary to achieve a carbon-neutral future. Designing long-term strategies for 2020 in line with the timeline provided in the context of the Paris Agreement can guide the establishment of more ambitious National Level Determined Contributions (NDCs) and minimize abandoned assets and associated costs. Long-term strategies are an essential instrument, both to contribute to the redirection of public and private investments, and to guide dialogue with development institutions that seek to support inclusive and sustainable development. As we read this report, we hope that decision makers and technicians get an idea of how to successfully deliver decarbonization. Inter-American Development Bank Inter American Development Bank Deep Decarbonization Pathways for Latin America and the Caribbean application/pdf IDB Publications Colombia Argentina Peru Chile Mexico Ecuador Costa Rica Latin America and the Caribbean en |
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Sustainable Development Renewable Energy Fossil Fuel Paris Agreement Climate Change Mitigation Greenhouse Gas Emission Low-Carbon Economy Decarbonization O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products O33 - Technological Change: Choices and Consequences • Diffusion Processes Q54 - Climate • Natural Disasters and Their Management • Global Warming Q52 - Pollution Control Adoption and Costs • Distributional Effects • Employment Effects Q58 - Government Policy F53 - International Agreements and Observance • International Organizations O15 - Human Resources • Human Development • Income Distribution • Migration L50 - Regulation and Industrial Policy: General O44 - Environment and Growth climate change;Sustainable Infrastructure;net-zero emissions Sustainable Development Renewable Energy Fossil Fuel Paris Agreement Climate Change Mitigation Greenhouse Gas Emission Low-Carbon Economy Decarbonization O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products O33 - Technological Change: Choices and Consequences • Diffusion Processes Q54 - Climate • Natural Disasters and Their Management • Global Warming Q52 - Pollution Control Adoption and Costs • Distributional Effects • Employment Effects Q58 - Government Policy F53 - International Agreements and Observance • International Organizations O15 - Human Resources • Human Development • Income Distribution • Migration L50 - Regulation and Industrial Policy: General O44 - Environment and Growth climate change;Sustainable Infrastructure;net-zero emissions |
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Sustainable Development Renewable Energy Fossil Fuel Paris Agreement Climate Change Mitigation Greenhouse Gas Emission Low-Carbon Economy Decarbonization O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products O33 - Technological Change: Choices and Consequences • Diffusion Processes Q54 - Climate • Natural Disasters and Their Management • Global Warming Q52 - Pollution Control Adoption and Costs • Distributional Effects • Employment Effects Q58 - Government Policy F53 - International Agreements and Observance • International Organizations O15 - Human Resources • Human Development • Income Distribution • Migration L50 - Regulation and Industrial Policy: General O44 - Environment and Growth climate change;Sustainable Infrastructure;net-zero emissions Sustainable Development Renewable Energy Fossil Fuel Paris Agreement Climate Change Mitigation Greenhouse Gas Emission Low-Carbon Economy Decarbonization O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products O33 - Technological Change: Choices and Consequences • Diffusion Processes Q54 - Climate • Natural Disasters and Their Management • Global Warming Q52 - Pollution Control Adoption and Costs • Distributional Effects • Employment Effects Q58 - Government Policy F53 - International Agreements and Observance • International Organizations O15 - Human Resources • Human Development • Income Distribution • Migration L50 - Regulation and Industrial Policy: General O44 - Environment and Growth climate change;Sustainable Infrastructure;net-zero emissions Inter-American Development Bank Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) |
description |
All Latin American and Caribbean countries have ratified the Paris Agreement, which aims to limit global warming to between 1.5C and 2C above pre-industrial levels. Those goals require achieving zero net carbon dioxide emissions by 2050 and substantial reductions in CO2 emissions by 2030. Achieving zero net emissions takes stock of the lessons learned from the experiences of the teams in the countries that implemented Deep Decarbonization in Latin America and the Caribbean by the IDB and proposes approaches to develop and offer long-term pathways for zero net emissions by 2050. The report shows the essential role that long-term strategies play in terms of identifying and planning the deployment of the infrastructure and policy packages necessary to ensure a just transition to a zero net emissions economy. Long-term strategies will help governments anticipate fiscal and financial costs, manage compensation, minimize social impacts, and define the sequence of policy reforms and investment priorities necessary to achieve a carbon-neutral future. Designing long-term strategies for 2020 in line with the timeline provided in the context of the Paris Agreement can guide the establishment of more ambitious National Level Determined Contributions (NDCs) and minimize abandoned assets and associated costs. Long-term strategies are an essential instrument, both to contribute to the redirection of public and private investments, and to guide dialogue with development institutions that seek to support inclusive and sustainable development. As we read this report, we hope that decision makers and technicians get an idea of how to successfully deliver decarbonization. |
author2 |
Inter American Development Bank |
author_facet |
Inter American Development Bank Inter-American Development Bank |
topic_facet |
Sustainable Development Renewable Energy Fossil Fuel Paris Agreement Climate Change Mitigation Greenhouse Gas Emission Low-Carbon Economy Decarbonization O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products O33 - Technological Change: Choices and Consequences • Diffusion Processes Q54 - Climate • Natural Disasters and Their Management • Global Warming Q52 - Pollution Control Adoption and Costs • Distributional Effects • Employment Effects Q58 - Government Policy F53 - International Agreements and Observance • International Organizations O15 - Human Resources • Human Development • Income Distribution • Migration L50 - Regulation and Industrial Policy: General O44 - Environment and Growth climate change;Sustainable Infrastructure;net-zero emissions |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) |
title_short |
Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) |
title_full |
Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) |
title_fullStr |
Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) |
title_full_unstemmed |
Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean (Executive Summary) |
title_sort |
getting to net-zero emissions: lessons from latin america and the caribbean (executive summary) |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0002042 https://publications.iadb.org/en/getting-net-zero-emissions-lessons-latin-america-and-caribbean-executive-summary |
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