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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

Colombia

Poverty in Colombia increased from 30.9% in 2016 to 39.8% in 2020, above the Latin America and the Caribbean (LAC) average of 26.3%, partly owing to the impact of the COVID-19 pandemic. Extreme poverty increased in that period from 12.0% to 19.2% and remains above the LAC average (8.7%). The population living in completely informal households decreased from 62.6% in 2010 to 52.2% in 2018, compared to the LAC average of 36.3% in 2018. Regarding environmental indicators, in 2019 greenhouse gas (GHG) emissions per capita were 3.7 tonnes of carbon dioxide equivalent (t CO2e), lower than the averages for LAC (6.3) and for countries belonging to the Organisation for Economic Co-operation and Development (OECD) (9.1). That year, the share of the population exposed to air pollution levels that pose risks to human health (PM2.5 at more than 10 µg/m3) was 99.3%, higher than 95.4% for LAC and 61.0% for the OECD. The marine protected area of Colombia accounted for 17.2% of its territorial waters in 2021, compared to 7.3% for LAC and 18.6% for the OECD. On the fiscal side, environmentally related tax revenue was 0.6% of gross domestic product (GDP) in 2020, below LAC (1.0%) and the OECD (2.1%). Total tax revenues as a percentage of GDP in 2020 (18.7%) was below averages for LAC (21.9%) and the OECD (33.5%).

English Also available in: Spanish

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