Climate Change Challenges and Opportunities in Latin America and the Caribbean

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

Publication date: July 2024

ISBN: 9798400240591

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Environmental Economics , Environmental Conservation and Protection , Natural Disasters , Natural Resources , Public Policy- Environmental Policy , Climate , Latin America and the Caribbean , mitigation , adaptation , building resilience , IMF staff calculation , climate ambition , bank asset quality , financing climate policy , adaptation investment , Climate change , Greenhouse gas emissions , Climate policy , Natural disasters , Non-renewable resources , Caribbean , Central America , Global , South America , Middle East and Central Asia

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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.