Climate Change Challenges and Opportunities in Latin America and the Caribbean
Books, July 19, 2024
Source details
- Canonical URL
- Climate Change Challenges and Opportunities in Latin America and the Caribbean
Other formats
Bibliographic details
- Published: July 19, 2024
- Series: Books
- DOI: https://doi.org/10.5089/9798400240577.071
Summary and key findings
- The analysis suggests that LAC countries are facing substantial challenges related to climate change but have tools at their disposal to seize the opportunities that the climate change presents.
- To maximize opportunities and minimize risks, LAC countries will need to improve flexibility and adaptability of their economies.
- Policies aimed at supporting the reallocation of labor and capital across sectors, investing in basic skills and human capital, improving transparency and economic governance to encourage investment in technology and know-how, and creating fiscal space to manage the climate transition would help LAC countries position themselves to take advantage of the opportunities afforded by the climate transition.
Policy recommendations and priorities
- Support the reallocation of labor and capital across sectors.
- Invest in basic skills and human capital.
- Improve transparency and economic governance to encourage investment in technology and know-how.
- Create fiscal space to manage the climate transition.
Subject areas and keywords (as listed)
- Subject: Central Banks, Climate change, Climate policy, Environment, Financial crises, Greenhouse gas emissions, Natural disasters, Non-renewable resources
- Keywords: adaptation, adaptation investment, bank asset quality, building resilience, Caribbean, Central America, Climate, climate ambition, Climate change, Climate policy, financing climate policy, Global, Greenhouse gas emissions, IMF staff calculation, Latin America and the Caribbean, Middle East and Central Asia, mitigation, Natural disasters, Non-renewable resources, South America