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Fiscal policy and climate change: recent experiences of Latin American and Caribbean finance ministries
Published: July 2021
Author/s: Delgado, Raúl; Eguino, Huáscar; Pereira, Aloisio Lopes
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Learn about this new study that discusses the strategic role finance ministries can play to boost a fair transition towards green economies. This publication presents a set of recent experiences of finance ministries in the Latin American and Caribbean region in three areas of intervention where climate change issues and the responsibilities of these ministries converge.

The publication also provides elements for the design of fiscal policies to contribute to sustainable growth. The three areas where the interventions of finance ministries are crucial are: 1) managing the economic, fiscal and financial risks associated with extreme weather events and climate change; 2) the challenges of the transition to low-carbon economies; and 3) reorienting public finances to contribute to national resilience and decarbonisation goals. The publication also shows that, while the risks and challenges of transitioning to green economies are real, there is a wealth of evidence that, if properly planned and implemented, new economic opportunities can be generated while creating more and better jobs.

This post is also available in: Spanish

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