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Latin American Economic Outlook 2022

Towards a Green and Just Transition

image of Latin American Economic Outlook 2022

What challenges and opportunities does the green transition entail for Latin America and the Caribbean? This 15th edition of the Latin American Economic Outlook explores options for the region to recast its production models, transform its energy matrix and create better jobs in the process. It argues that, for this transition to be just, stronger social-protection systems and open dialogue must help build new, sustainable social contracts. In support of this ambitious agenda, the report presents an array of financing options, including green finance, and advocates for renewed international partnerships.

English Also available in: Spanish

How to make it possible: Governing the green transition

The recovery from COVID-19 represents a unique opportunity to advance towards a greener development model in LAC. Citizens in the region show a high level of concern for environmental issues, suggesting that the green transition should be at the centre of a new social contract that reconnects society and institutions. To make the green transition possible, new institutions and policies to support those that will be temporarily affected by this transition are needed. A just green transition requires mechanisms to foster inclusive dialogue across all stakeholders and to build consensus around reforms, paying particular attention to overcoming the complex political economy of such a broad reform agenda. It is equally important to ensure that public institutions can work strategically and in close co-ordination, with a coherent, long-term view of making the green agenda a centrepiece of national development strategies.

English Also available in: Spanish

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