Climate Change (IDB)

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Document Publication Date
October, 2019
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Summary

Latin America and the Caribbean are particularly vulnerable to climate change impacts. By 2050, rising sea levels, temperatures increases, changes in rainfall patterns will result in an estimated annual cost of around 2-4 percent of the region’s GDP. Climate change is upending business as usual, leading to new policy priorities and the allocation of resources to previously underfunded areas. But changing business as usual is also an opportunity to do things differently, and an opportunity to innovate.