RED 2023 - Chapter 5: Climate change response and the development agenda in Latin America and the Caribbean

The preceding chapters shed light on the enormous challenges posed by climate change and biodiversity conservation to the world. Global greenhouse gas (GHG) emissions must be rapidly reduced if global warming is to be limited in line with the goals of the Paris Agreement. Moreover, adaptation to the current and expected impacts of climate change must be redoubled to avoid excessive costs to the well-being of the world’s population and to protect and restore natural capital, in order to restore the planet’s ecological balance. Latin America and the Caribbean (LAC) is not exempt from these challenges; on the contrary, the region is among the most affected by climate change and least prepared to withstand its impacts, making the need to enhance the resilience of its economies even more urgent. Additionally, the region’s abundance of natural capital positions it as a key player in achieving global climate and conservation goals.

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CAF- banco de desarrollo de América Latina y el Caribe