Latin American Economic Outlook 2022
Towards a Green and Just Transition
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.
Also available in: Spanish
Executive summary
Countries in Latin America and the Caribbean (LAC) face an ambitious agenda to ensure that the green transition is an opportunity to enhance development in the region. The global impacts of the COVID-19 pandemic and of Russia’s war against Ukraine have been a reminder of LAC’s weak resilience to shocks. This stems from its structural challenges: fragile social protection systems; low productivity; weak institutions; and an environmentally unsustainable development model. A systemic green and just transition could help the region overcome its development “traps” and strengthen its resilience while improving Latin Americans’ well-being. LAC is highly exposed to the effects of climate change and, as such, governments should seize the recovery as a strategic opportunity to launch broad and deep transformation.
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