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Potentialities, opportunities, and risks of the transition to a low-carbon economy in Latin America.

YSI Workshop Latin America Working Group

Start time:

March 19, 2024 @ 2:00 pm - 8:00 pm

EDT

Location:

Faculty of Economics Sciences-Universidad Nacional de Colombia. Auditorium 2, Building 310, Bogota, Bogota

Type:

Workshop

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Speakers

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Fadhel Kaboub

Professor of Economics in Denison University

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Camila Gramkow (to be confirmed)

Director a.i. of the UN ECLAC Brazil Office

Description

Within the framework of the global commitments regarding the transition to a low-carbon economy ratified at COP 27 in Dubai, as well as the individual commitments assumed by Latin American countries, different macroeconomic and financial questions have arisen that are presented as urgent and relevant, both for academia and for the governments that lead these nations:  How much does this process cost? What are the sources to finance this transformation? How much of the investment for the transition should be assumed by the States and how much by private actors? How to reconcile the institutional framework and fiscal commitments with these objectives? Is it necessary to restructure the public debt of the nations, to open fiscal space for the investments necessary for the transition? Among many others.  

 Answering these questions is part of the task of planning and implementing the transition to a low-carbon economy, which all actors concerned with or involved in this issue have. A temperature level of 1.5 degrees Celsius will be reached in 2023, surpassing one of the scenarios proposed by the IPCC to be reached only by 2050. 

 The scientific community has raised different alerts regarding global and local trajectories, as well as the low effectiveness of the policies implemented to meet objectives associated with decarbonization, therefore, many speeches in the framework of COP 27 revolved around the need to accelerate the transition process. However, the capacity of emerging

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