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RED 2023 - Chapter 2: Economic activities: Sustainability in production and consumption

The impacts of climate change are far-reaching and affect all economic sectors. In Latin America and the Caribbean (LAC), economies rely heavily on natural resources, with agriculture and tourism being particularly vulnerable to climate variability. As temperatures rise and climate patterns become more extreme and unpredictable, these sectors face increasing challenges to avoid productivity losses, cost increases, and ultimately, competitiveness declines. Additionally, the effects of climate change on infrastructure, due to the increased frequency and intensity of extreme weather events and rising sea levels, also pose significant economic challenges across all sectors. The magnitude of these challenges is reflected, at least in part, in the climate change vulnerability index for the region developed by CAF (2014). This index consists of the risk of exposure to climate change and extreme events, human sensitivity to this exposure, and a country’s capacity to adapt or take advantage of potential climate changes. This indicator reveals the great heterogeneity of climate change impacts in the region and highlights the high risk faced by countries in Mesoamerica, the Caribbean, and the northern and central regions of South America.

Abstract

Description

Subject

Economía

País / Región

América Latina y el Caribe

URI

https://scioteca.caf.com/handle/123456789/2139

Date

2023

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Collections

4.01 Reporte de Economía y Desarrollo (RED)

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Creative Commons license

CC-BY-NC-ND
Except where otherwised noted, this item's license is described as CC-BY-NC-ND
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RED 2023 - Chapter 2.pdf (1.76 MB)

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Volume Title

Publisher

CAF- banco de desarrollo de América Latina y el Caribe

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