Covid-19 has devastated the Peruvian economy. But as the country seeks to rebuild in the virus’s wake, it has a chance to focus on fighting climate change and creating a more sustainable development model. The extractive industries central to Peru’s economy are a source of underutilized revenues that could help seize this opportunity.
As economies seek to rebuild in the aftermath of the Covid-19 crisis, there is an opportunity to accelerate climate change mitigation and adaptation and shape more sustainable economic models. Revenues from the extractive industries can provide crucial resources in this effort, according to a new report by the Inter-American Dialogue.
Countries in the Amazon Basin are falling behind on their targets to cut deforestation. Environmental enforcement combined with economic incentives could provide a way forward, write Lisa Viscidi and Enrique Ortiz in this op-ed.
The largest tropical rainforest on the planet, the Amazon plays a critical role as a storehouse of carbon and mediator of the global water cycle and holds a greater share of the world’s known biodiversity than any other ecosystem. However, unchecked development is placing the Amazon under threat, pushing deforestation rates to near-record levels throughout the region.
A new report by the Inter-American Dialogue analyzes the challenges to environmentally and socially sustainable development of the oil and mining sectors in Colombia and raises important questions for policymakers, such as where extractive industries should be permitted to operate, who should be responsible for oversight and how to make operations more environmentally sustainable.
What does China stand to gain from investing in Latin America’s energy projects? Where is China looking next in the region?
With the recent decline in commodity prices, why have some countries have fared better than others?
China has rapidly emerged as the world’s leading consumer and importer of minerals.
Colombia has to remain competitive with other major producers such as Mexico to attract needed investment in extractive industries.
What are the challenges and best policies for managing Colombia’s oil and mining revenues?
Colombia is in the midst of a mining boom. The challenge for President Santos is to capitalize on the sector’s promise.