Relations between the United States and much of Latin America are recovering after hitting rock bottom under former US President Donald Trump. But while President Joe Biden’s administration is focusing on the Central American migration crisis, it must not miss the opportunity to drive urgently needed climate action to help the region rebuild after the pandemic.
Given the scale of Latin America’s economic collapse in 2020 – its 7.4% GDP contraction was the worst of any region – most of its national leaders did not dwell much on climate change. Argentina, Mexico, and Peru have yet to direct a single dollar of recovery spending toward reducing greenhouse-gas (GHG) emissions and air pollution, according to the Oxford University Economic Recovery Project. Instead, vast sums have gone to the region’s fossil-fuel industries.
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Biden s Climate Opportunity in Latin America by Guy Edwards & Benjamin N Gedan project-syndicate.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from project-syndicate.org Daily Mail and Mail on Sunday newspapers.
Brian O’Callaghan
A year ago, the arrival of Covid-19 thrust Europe into its worst economic crisis since World War II. If the official rhetoric to ‘build back better’ is to be taken seriously, policy-makers must better prioritise green recovery investment and rebut an economic system coupling growth with greenhouse-gas emissions.
The economic, climate and social benefits of green public spending could drive future prosperity for the European continent, in the short and long term. A growing body of evidence suggests green public investment can deliver economic returns equivalent to, or even greater than, conventional stimulus.
David Tritsch
A May 2020 paper surveyed leading economists to identify policies with high potential to secure economic and climate impacts following the panic. Clean physical infrastructure, building-efficiency retrofits, investment in education and training, ‘natural capital’ investment and clean research and development found favour. Another stud