Policymakers in the region will need to adopt a multi-pronged approach to The same resources to scaling up mitigation efforts elsewhere. Model simulations in Huppmann et al. suggest that it may be more cost-effective for the world to compensate LACĬountries for protecting, managing and restoring ecosystems than to devote Many unique ecosystems and species, the region has the potential to Given the region’s large share of emissions from LULUCF as well as its Percent-vastly more than the global average of just over 1 percent. Land use, land-use change, and forestry (LULUCF) contributes 19 Hand, contributes 25 percent, compared to a global average of 13 percent. Percent) than the global average (74 percent). The energy sector contributes much less to total emissions in LAC (43 But theĬomposition of emissions in LAC is very different from other regions. The region’s net greenhouse gas (GHG) emissions are in line with itsĮconomic size and population-about 8 percent of the global total. What combination of policies work best will depend on the challenges and Regional Economic Outlook, we explore the policy options available to maximize these opportunities. Metals such as copper, nickel, cobalt and lithium. The transition will beįacilitated in some LAC countries by their natural endowments of “green” The pandemic and improving health outcomes. Help boost growth and generate new jobs while supporting the recovery from In such aĭiverse region, climate change impacts countries differently, and presentsĪ set of challenges as varied as the countries themselves.īut climate change also offers opportunities. The challenges facing Latin America and the Caribbean (LAC). Higher temperatures, extreme weather events, and the reliance onĬlimate-sensitive sectors such as tourism and agriculture are just some of
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