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: 8566 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

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.

Is the COVID-19 economic recovery building a sustainable future?
Is the COVID-19 economic recovery building a sustainable future?

This report presents intermediate results of a broader analysis of the economic responses to the COVID-19 crisis in the LAC region, and how the allocated investments can accelerate the economic recovery phase while meeting climate change goals. The report has been developed thanks to an investment tracking tool, the LAC Recovery Tracker, which analyses over 1,100 policies to provide a live snapshot on spending in the region. The LAC Recovery Tracker is a subset of the larger Global Recovery Observatory.i

Estrategia Metropolitana de Movilidad Emergente
Estrategia Metropolitana de Movilidad Emergente

La Estrategia Metropolitana de Movilidad Emergente (EMME) funge como una guía de movilidad urbana que apoya a los municipios del Área Metropolitana de Guadalajara (AMG) a hacer frente a la nueva normalidad.

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.

Overview of private sector financing sources in the Latin American and Caribbean region with a focus on climate change and biodiversity conservation
Overview of private sector financing sources in the Latin American and Caribbean region with a focus on climate change and biodiversity conservation

Under the Contract signed between SURECO & Partners CORP (contractor) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) (contractor). The deliverable constitutes a report with the main findings, including a data tool in excel format with the results of the mapping exercise of private sector investments available for the climate and biodiversity of the Latin America and the Caribbean (LAC) region in the sectors clean energy, water, transport, agriculture, forestry and other land uses (AFOLU), biodiversity and ecosystem-based solutions. This report was executed based mainly on publicly available secondary information.

Policy Brief: Actualización de la Contribución Determinada a Nivel Nacional (NDC) 2020 de Chile
Policy Brief: Actualización de la Contribución Determinada a Nivel Nacional (NDC) 2020 de Chile

La nueva NDC de Chile se constituye en un instrumento relevante para la política climática del país. El reto ahora es pasar a su implementación y, para avanzar en ello, en el país persisten algunos desafíos importantes como: la institucionalización del marco de gobernanza y del uso de la evidencia científica como base para la toma de decisión; la definición de un plan de implementación, que incluya la identificación de las acciones prioritarias y de las necesidades de financiamiento; la repartición de las responsabilidades sectoriales; la instalación de un sistema de monitoreo, reporte y verificación robusto y confiable; los mecanismos para la participación del sector privado, gobiernos subnacionales y actores de la sociedad civil, entre otros.