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    Global challenges, regional solutions: Latin America and the Caribbean in the face of the climate and biodiversity crisis

    Abstract
    This edition of the Report on Economic Development (RED) examines the challenges and opportunities that climate action and the protection of ecosystems and biodiversity pose for Latin America and the Caribbean. The report emphasizes three key messages relevant to all countries: the importance of adaptation, the need to contribute to global mitigation efforts, and the urgency of preserving natural capital as a key factor in the development process. It also highlights that policies to address these challenges may vary depending on each country’s resource diversity and risks, with potential trade-offs between conflicting objectives and opportunities for synergies that must be harnessed. This document seeks to contribute to the debate about the best public policy alternatives to promote productive economies with low carbon emissions, greater social inclusion, and sustainable use of natural resources. The financing needs to meet development, climate, and biodiversity preservation goals are overwhelming. Therefore, CAF – Development Bank of Latin America and the Caribbean has committed to increasing green financing to 40% of its approvals by 2026 and to being one of the most active institutions in the region in mobilizing resources from major green funds and international partners.
    Other languages
    Español; Português
    Parallel title
    RED 2023
    Subject
    Cambio climático | Desarrollo | Economía | Biodiversidad | Ambiente | COP 28
     
    Country / Region
    Latin America and the Caribbean
    ISBN
    978-980-422-307-5
    URI
    https://scioteca.caf.com/handle/123456789/2136
    Date
    2023
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    • 4.1 Reporte de Economía y Desarrollo (RED)
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    RED 2023 - Global challenges, regional solutions (42.65Mb)
    Executive summary (5.914Mb)
    Author
    Brassiolo, Pablo
    Estrada, Ricardo
    Vicuña, Sebastián
    Odriozola, Juan
    Toledo, Manuel
    Juncosa, Federico
    Fajardo, Gustavo
    Schargrodsky, Ernesto
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