Last June 5, the Inter-American Development Bank (IDB) presented the executive summary of the document entitled “The Climate and Development Challenge for Latin America and the Caribbean: Options for Climate Resilient Low Carbon Development.
” The study, which has been prepared by IDB
, the Economic Commission for Latin America and the Caribbean (ECLAC
), and the World Wildlife Fund (WWF
), points out that Latin America and the Caribbean will suffer annual damage in the order of US$100 billion by the year 2050 due to declines in agricultural yields, the disappearance of glaciers, floods, droughts, and other events caused by the warming of our planet. The region needs to dramatically increase its investments in climate change adaptation and mitigation over the coming decades in response to this. In this respect, the report maps out paths to reduce the emission curve by promoting zero emissions caused by deforestation and other land-use practices by 2030, combined with measures to eliminate the carbon footprint in the energy matrix and transport infrastructure by 2050, with an annual cost of US$110 billion.
To watch a video of the event, click here
The complete results of the work will be distributed at the Earth Summit in Rio+20. To access the executive summary, click here