Advancing a Just Transition in Latin America and the Caribbean
To 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.