PERU
Charting the Course to Sustainability:
The Urgent Need for Green Investment in Latin America and the Caribbean » The recent report from the Economic Commission for Latin America and the Caribbean (ECLAC) presents an imperative and hopeful call to action for the region: significant investments are needed to achieve the Goals Sustainable Sustainable Development Goals (SDGs) and address the challenge of climate change. This financial imperative stands at between 3% and 8% of gross domestic product (GDP), according to OECD estimates, and certain countries such as Belize, Haiti, Nicaragua and Paraguay face the prospect of needing up to an additional 10% of their annual income. income. GDP.
In this context, the report highlights the need to align investments with the greenhouse gas (GHG) emissions reduction targets established in the Paris Agreement. While the outlook may seem challenging, there are also inspiring examples of nations that have committed to a transition towards sustainability, such as Antigua and Barbuda, Saint Kitts and Nevis, as well as the Bahamas.
However, to achieve these ambitious goals, a comprehensive approach that addresses resource mobilization for sustainability is required. This involves exploring innovative strategies, such as the issuance of green bonds, the creation of climate investment funds and the mobilization of international resources. Furthermore, it is essential to encourage private sector participation by creating an enabling and transparent environment for investments, as well as establishing appropriate fiscal and regulatory incentives.
In summary, facing the challenge of sustainability in Latin America and the Caribbean requires a bold and coordinated response, which mobilizes both financial resources and the experience of the private sector towards sustainable projects. Public-Private Partnerships (PPP) emerge as a powerful tool in this effort to boost green investment and promote a more sustainable future for the region.
