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dc.titleAdvancing a Just Transition in Latin America and the Caribbean
dc.contributor.authorAlfonso, Mariana
dc.contributor.authorBagolle, Alexandre
dc.contributor.authorBaptista, Dulce
dc.contributor.authorBos, María Soledad
dc.contributor.authorFazekas, Andreas
dc.contributor.authorSchwartz, Liora
dc.contributor.authorVogt-Schilb, Adrien
dc.contributor.authorUrquidi, Manuel
dc.contributor.orgunitClimate Change Solutions Division
dc.contributor.orgunitSocial Sector
dc.coverageLatin America and the Caribbean
dc.date.available2023-10-19T00:10:00
dc.date.issue2023-10-19T00:10:00
dc.description.abstractTo contain the climate crisis and meet the Paris Agreements goal of limiting global warming to 1.5C above pre-industrial levels by 2050, countries around the world need to undergo deep socio-economic transformations towards carbon neutrality. This transition towards net-zero can take many forms and pathways for each economic sector, but regardless of its shape, there will be winners and losers. For countries in Latin America and the Caribbean (LAC), for example, achieving this goal can bring significant net financial benefits, estimated at 1% of the regions GDP by 2030. But if not well managed, the transition runs the risk of increasing inequality and exclusion. For that reason, countries in the region should be mindful of ensuring that it is just and that its benefits are distributed equitably. They should also ensure that its negative impacts are avoided, or that policies to reduce and compensate for negative impacts, especially for low-income households, are introduced. The impacts range from the transformations of jobs, skills, households and communities to fiscal stability and challenges to the political economy. This document identifies the social impacts of the transition to net-zero for Latin America and the Caribbean (LAC). It discusses how a just transition is included in the climate change agenda and presents a set of actions that governments in the region can take to ensure that the transition to net-zero is just and inclusive.
dc.format.extent37
dc.identifier.doihttp://dx.doi.org/10.18235/0005216
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Advancing-a-Just-Transition-in-Latin-America-and-the-Caribbean.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Hacia-una-transicion-justa-en-America-Latina-y-el-Caribe.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectCoal
dc.subjectLabor Force
dc.subjectEnergy
dc.subjectLabor
dc.subjectRenewable Energy
dc.subjectSkills
dc.subjectClimate Change
dc.subjectSocial Protection
dc.subject.jelcodeQ58 - Government Policy
dc.subject.jelcodeQ54 - Climate • Natural Disasters and Their Management • Global Warming
dc.subject.jelcodeJ08 - Labor Economics Policies
dc.subject.jelcodeI38 - Government Policy • Provision and Effects of Welfare Programs
dc.subject.jelcodeH53 - Government Expenditures and Welfare Programs
dc.subject.jelcodeH23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies
dc.subject.keywordsjust transition;adaptation;climate change;decarbonization;Inequality;jobs;skills;Net Zero
dc.typePolicy Briefs
idb.identifier.pubnumberIDB-PB-00383
idb.operationRG-T4063
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