Búsqueda por categoría

Common Framework for Sustainable Finance Taxonomies for Latin America and the Caribbean

812 Downloads

Intergovernmental Panel on Climate Change reports published in 2022 classified the Latin America and Caribbean (LAC) region as “highly exposed, vulnerable and strongly impacted by climate change”. To address this existential threat and align economies with the UN Sustainable Development Goals, governments in the region – and globally – are developing sustainability taxonomies at a rapid pace. However, a lack of comparability between national taxonomies creates hurdles for trade and international capital flows towards low-carbon projects.

This framework aims to serve as a catalyst for progress towards sustainable finance implementation, providing LAC member states a regional alignment approach to unlock opportunities and financing for long-term value creation, shared prosperity, and sustainable development in the region. The guiding principles established in this report ensure taxonomies are science-based, allowing for a credible transition for high emitting sectors towards net-zero emissions by 2050 and improving the adaptability and resilience of assets and activities across all sectors. By establishing essential guiding principles, designing objective classification systems for sectors and activities, and drawing upon the European Union and other international best practices, the LAC Taxonomy Common Framework ensures a high level of transparency and interoperability, thus facilitating cross-border capital flows for social and environmentally sustainable investments. The report also enables private sector actors to make more informed investment decisions by offering clear guidance on green and social investments.

This project was developed by the Working Group on Sustainable Finance Taxonomies for Latin America and the Caribbean and financed by the European Union through the EUROCLIMA+ Programme. The Working Group was built as part of the Interagency Technical Committee of the Forum of Ministers of Environment of Latin America and the Caribbean and is constituted by the United Nations Environment Programme Finance Initiative (UNEP FI), the United Nations Development Programme (UNDP), the International Finance Corporation (IFC), the Interamerican Development Bank (IDB), the International Monetary Fund (IMF), the World Bank, the Economic Commission for Latina America and the Caribbean (ECLAC), the Development Bank of Latin America (CAF), the Food and Agriculture Organization, and the European Commission as an external advisor.

Category: Estudios técnicos
File Size: 7.73 MB
Hits: 8284 Hits
Download: 812 times
Título: Common Framework for Sustainable Finance Taxonomies for Latin America and the Caribbean
Autor: Vishwas Vidyaranya, Project Head and Senior Taxonomy Consultant. Isabel González, Taxonomy Consultant. Erika Porras, Associate Technical Consultant. Juan Carlos Burgos, Associate Technical Consultant. Prateek Kumar, Associate Technical Consultant. David Serna, Technical Expert. Aditi Ramola, Technical Expert
Año: 2023
Autor institucional: UNEP
Formato: PDF

Related documents

Green Recovery for Practitioners – Examples from around the World for Building Forward Better
Green Recovery for Practitioners – Examples from around the World for Building Forward Better

This report presents a compilation of examples that can inspire the practical implementation of a green recovery, drawing upon measures and instruments that have been deployed in countries worldwide, particularly in developing and emerging economies.

Estrategia Nacional de Movilidad Sostenible de Chile
Estrategia Nacional de Movilidad Sostenible de Chile

La Estrategia Nacional de Movilidad Sostenible (ENMS) integra herramientas y acciones que, bajo la articulación de distintos actores, permitirá abordar los principales desafíos para avanzar hacia una movilidad sostenible en las ciudades chilenas. Fue elaborada en el marco del programa EUROCLIMA.

New Financial Mechanisms for Clean Energy Investments in Latin America
New Financial Mechanisms for Clean Energy Investments in Latin America

Latin America has enormous potential in almost all renewable resources. Non-conventional renewable sources are becoming the cheapest sources of power, enabling countries’ electricity matrixes to become progressively cleaner and affordable.

Atlas de solos da América Latina e do Caribe
Atlas de solos da América Latina e do Caribe

O que é o solo? Como é formado? Quais são as particularidades dos solos da ALC? Que tipo de serviços presta para a sociedade? Qual é o impacto das mudanças climáticas nos solos? O primeiro Atlas de Solos da América Latina e o Caribe visa responder a estas perguntas a respeito da origem e funções dos solos, incluindo mapas, textos explicativos, fotografias e gráficos.

Sostenibilidad de la política climática de largo plazo: retos, recomendaciones y pasos en los próximos años
Sostenibilidad de la política climática de largo plazo: retos, recomendaciones y pasos en los próximos años

Este policy brief, elaborado en el marco de la acción Colaboración Regional en la transparencia y cumplimiento de Contribuciones Nacionalmente Determinadas (CDN) y generación de capacidades para Estrategias Climáticas de Largo Plazo (ECLP)

Resultados y aprendizajes Comunidad de práctica de monitoreo y evaluación de políticas climáticas de EUROCLIMA+
Resultados y aprendizajes Comunidad de práctica de monitoreo y evaluación de políticas climáticas de EUROCLIMA+

El presente documento tiene el objetivo de socializar los aprendizajes y resultados de la comunidad de práctica de monitoreo y evaluación de políticas climáticas alcanzados durante los años 2018 y 2019.