Stephan Nielson reporting for Bloomberg Business week describes recommendations made by the Inter-American Development Bank (IDB) to our region in order to curb greenhouse gas emissions by 2050
Latin America and the Caribbean should invest $110 billion a year through 2050 to curb greenhouse-gas emissions, according to the Inter-American Development Bank.
The region will need to cut down fewer trees and use more energy produced from renewable sources to cut emissions to levels consistent with international efforts to fight global warming, the Washington-based lender said today in a statement.
Latin America and the Caribbean are responsible for 11 percent of global emissions. The region is especially susceptible to variations in the weather because of its reliance on agriculture, according to the statement.
The IDB plans to release a report detailing emission policies in the region June 20 at the United Nations Conference on Sustainable Development in Rio de Janeiro. It was produced with the Economic Commission of Latin America and the Caribbean and the World Wildlife Fund.
Get full details on Bloomberg news week.