To comply with the Paris Agreement, it is necessary to achieve the decarbonization of the economy as soon as possible. To do this, countries must move on trajectories that lead to carbon neutrality and climate resilience. Traveling on these paths requires making changes or adjustments to the economic, educational, science, technology, and innovation systems, among others.

Governments face the significant task of planning to help achieve just transitions and their climate related targets. This process involves integrating high-level commitments into regulatory, financial and fiscal actions, and policies that support the delivery of ambitious climate mitigation and adaptation measures.

Financial resources will come from a variety of sources, from domestic public budgets to international public and private finance. Governments can institute various economic and financial instruments and policies to shift private sector behavior from business as usual towards a just transition. These policies include risk-sharing mechanisms, fiscal policy tools and regulatory measures. In this event, we will discuss the existing challenges and trends in regulatory, financial actions and policies to shift towards solutions for an equitable, low-carbon, climate-resilient economies in Latin America.

Organizers:

  • World Resources Institute (WRI) Brazil, Colombia, and Mexico

Speakers:

  • Alicia Montalvo, CAF
  • Representatives of the Ministries of Environment and Finance from Brasil, Chile, Colombia and Mexico
  • Cristiane Fontes, WRI Brasil
  • Fernando Páez, WRI Colombia
  • Moderator: José Luis Samaniego, CEO, WRI México and Colombia

Cover image by Dominic Chavez/World Bank