View metadata

dc.titleResearch Insights: How Much Will It Cost to Achieve the Climate Goals in Latin America and the Caribbean?
dc.contributor.authorGalindo Paliza, Luis Miguel
dc.contributor.authorHoffmann, Bridget
dc.contributor.authorVogt-Schilb, Adrien
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America and the Caribbean
dc.coverageLatin America and the Caribbean
dc.date.available2023-01-10T11:30:55
dc.date.issue2022-08-31T00:08:00
dc.description.abstractMeeting the climate change challenge requires structural transformations in infrastructure, health and social protection, and financial institutions. Climate action calls for a redirection of existing financial flows. An adequate response requires redirecting financial flows to achieve annual spending of 2 to 8 percent of GDP on the provision of infrastructure services and 5 to 11 percent of GDP on social programs. Specific financing sources, such as green taxes and sustainable bonds, can finance part of climate efforts. However, to redirect public and private spending and foreign investment into solutions consistent with climate goals, governments will also need to reform policies and regulations in all sectors.
dc.format.extent4
dc.identifier.doihttp://dx.doi.org/10.18235/0004334
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Research-Insights-How-Much-Will-It-Cost-to-Achieve-the-Climate-Goals-in-Latin-America-and-the-Caribbean.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-cuanto-costara-lograr-los-objetivos-del-cambio-climatico-en-America-Latina-y-el-Caribe.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectClimate Change
dc.subjectInfrastructure Development
dc.subjectGross Domestic Product
dc.subjectInvestment
dc.subjectPublic Expenditure
dc.subjectGlobal Warming Politics
dc.subjectCapital Inflow
dc.subjectPoverty
dc.subjectParis Agreement
dc.subjectFinance
dc.subjectHealth
dc.subjectDelivery of Health Care
dc.subject.jelcodeQ54 - Climate • Natural Disasters and Their Management • Global Warming
dc.subject.jelcodeH51 - Government Expenditures and Health
dc.subject.jelcodeH52 - Government Expenditures and Education
dc.subject.jelcodeH53 - Government Expenditures and Welfare Programs
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeH55 - Social Security and Public Pensions
dc.subject.jelcodeH23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00711
idb.operationBK-C1102
Return to Publication