Búsqueda por categoría

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

821 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: 8796 Hits
Download: 821 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

Plan de Movilidad Urbana Sostenible de Antofagasta - Informe de difusión
Plan de Movilidad Urbana Sostenible de Antofagasta - Informe de difusión

El presente documento corresponde al informe de difusión del Plan de Movilidad Urbana Sostenible de Antofagasta, el cual fue desarrollado como un esfuerzo conjunto entre el Gobierno Regional de Antofagasta y el programa EUROCLIMA.

Colaboración regional en la transparencia y cumplimiento de CDN y generación de capacidades para ECLP
Colaboración regional en la transparencia y cumplimiento de CDN y generación de capacidades para ECLP

Este documento, 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),

La economía política de la reforma fiscal ambiental en América Latina
La economía política de la reforma fiscal ambiental en América Latina

Este trabajo presenta un análisis de las potencialidades de las reformas fiscales ambientales en el contexto de América Latina.

Acciones locales para el logro de los objetivos globales Sector Bosques, Biodiversidad y Ecosistemas
Acciones locales para el logro de los objetivos globales Sector Bosques, Biodiversidad y Ecosistemas

Las Convenciones de Río consisten en tres acuerdos internacionales que abordan temas específicos y que a su vez son complementarios.

Plan Movilidad Urbana Sostenible de Ambato - Resumen Ejecutivo
Plan Movilidad Urbana Sostenible de Ambato - Resumen Ejecutivo

La presente publicación contiene el resumen ejecutivo del Plan de Movilidad Urbana Sostenible (SUMP, por sus siglas en inglés) de Ambato, Ecuador. Este surge como resultado del convenio Marco de Cooperación entre el Gobierno Autónomo Descentralizado (GAD) Municpalidad de Ambato y el programa EUROCLIMA+ y GIZ como agencia implementadora.

Achievements and successes for scaling up experiences in the “forests, biodiversity and ecosystems” sector
Achievements and successes for scaling up experiences in the “forests, biodiversity and ecosystems” sector

The projects of the Forests, Biodiversity and Ecosystems (BBE) sector of the EUROCLIMA1 program have generated significant achievements in terms of pilot experiences in sustainable forest and ecosystem management