A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025

In Latin America and the Caribbean (LAC) the rapidly changing climate is increasing the frequency and intensity of extreme weather‑related events. The year 2020 saw the most catastrophic fire season over the Pantanal region and a record number of storms during the Atlantic cyclone season. Eta and Io...

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Main Author: World Bank Group
Format: Strategy Document
Language:en_US
Published: Washington, DC: World Bank 2022
Subjects:
Online Access:http://hdl.handle.net/10986/38001
id okr-10986-38001
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spelling okr-10986-380012022-09-15T05:10:46Z A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025 World Bank Group CLIMATE CHANGE WORLD BANK GROUP STRATEGY CLIMATE-SMART AGRICULTURE WATER RESOURCE MANAGEMENT RESILIENT NATURAL CAPITAL CLIMATE CHANGE MITIGATION CLIMATE RESILIENCE RESILIENT INFRASTRUCTURE CLEAN ENERGY In Latin America and the Caribbean (LAC) the rapidly changing climate is increasing the frequency and intensity of extreme weather‑related events. The year 2020 saw the most catastrophic fire season over the Pantanal region and a record number of storms during the Atlantic cyclone season. Eta and Iota, two category 4 hurricanes, affected more than 8 million people in Central America, causing tens of billions of dollars in damage. In Honduras, annual average losses due to climate‑related shocks are estimated at 2.3 percent of gross domestic product (GDP). In rankings of the impacts of extreme weather events from 2000 to 2019, five Caribbean nations figure among the top 20 globally in terms of fatalities per capita, while in terms of economic losses as a share of GDP eight of the top 20 countries are in the Caribbean. Extreme precipitation events, which result in floods and landslides, are projected to intensify in magnitude and frequency due to climate change, with a 1.5°C increase in mean global temperature projected to result in an increase of up to 200 percent in the population affected by floods in Colombia, Brazil, and Argentina; 300 percent in Ecuador; and 400 percent in Peru. Climate shocks reduce the income of the poorest 40 percent by more than double the average of the LAC population and could push an estimated 2.4–5.8 million people in the region into extreme poverty by 2030. 2022-09-13T18:20:32Z 2022-09-13T18:20:32Z 2022 Strategy Document http://hdl.handle.net/10986/38001 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Group Washington, DC: World Bank Publications & Research LAC
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic CLIMATE CHANGE
WORLD BANK GROUP STRATEGY
CLIMATE-SMART AGRICULTURE
WATER RESOURCE MANAGEMENT
RESILIENT NATURAL CAPITAL
CLIMATE CHANGE MITIGATION
CLIMATE RESILIENCE
RESILIENT INFRASTRUCTURE
CLEAN ENERGY
spellingShingle CLIMATE CHANGE
WORLD BANK GROUP STRATEGY
CLIMATE-SMART AGRICULTURE
WATER RESOURCE MANAGEMENT
RESILIENT NATURAL CAPITAL
CLIMATE CHANGE MITIGATION
CLIMATE RESILIENCE
RESILIENT INFRASTRUCTURE
CLEAN ENERGY
World Bank Group
A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025
geographic_facet LAC
description In Latin America and the Caribbean (LAC) the rapidly changing climate is increasing the frequency and intensity of extreme weather‑related events. The year 2020 saw the most catastrophic fire season over the Pantanal region and a record number of storms during the Atlantic cyclone season. Eta and Iota, two category 4 hurricanes, affected more than 8 million people in Central America, causing tens of billions of dollars in damage. In Honduras, annual average losses due to climate‑related shocks are estimated at 2.3 percent of gross domestic product (GDP). In rankings of the impacts of extreme weather events from 2000 to 2019, five Caribbean nations figure among the top 20 globally in terms of fatalities per capita, while in terms of economic losses as a share of GDP eight of the top 20 countries are in the Caribbean. Extreme precipitation events, which result in floods and landslides, are projected to intensify in magnitude and frequency due to climate change, with a 1.5°C increase in mean global temperature projected to result in an increase of up to 200 percent in the population affected by floods in Colombia, Brazil, and Argentina; 300 percent in Ecuador; and 400 percent in Peru. Climate shocks reduce the income of the poorest 40 percent by more than double the average of the LAC population and could push an estimated 2.4–5.8 million people in the region into extreme poverty by 2030.
format Strategy Document
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025
title_short A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025
title_full A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025
title_fullStr A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025
title_full_unstemmed A Roadmap for Climate Action in Latin America and the Caribbean, 2021-2025
title_sort roadmap for climate action in latin america and the caribbean, 2021-2025
publisher Washington, DC: World Bank
publishDate 2022
url http://hdl.handle.net/10986/38001
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