Climate Change Challenges and Opportunities in Latin America and the Caribbean

Editor: Anna Ivanova, Ms. Julie A Kozack, and Ms. Sònia Muñoz

Publication date:

ISBN: 9798400240591

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Taxation - General , Environmental Economics , Environmental Conservation and Protection , Natural Disasters , Natural Resources , Public Policy- Environmental Policy , Resilience and Sustainability Trust , Climate change , Renewable energy , Climate finance , Greenhouse gas emissions , Climate policy , Natural disasters , Non-renewable resources , Carbon tax , South America , Central America , Western Hemisphere , Caribbean , Global , Climate , Latin America and the Caribbean , mitigation , adaptation , building resilience

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Summary

The analysis in the book 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 the 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.