Green economy almost non-existent in Latin America’s recovery plans

The three Latin American countries present at the G20, Argentina, Brazil, and Mexico, spending on green recovery as a percentage of 2019 GDP is non-existent. From the region, only the investment in electric public transport made by Chile stands out.

RIO DE JANEIRO, BRAZIL - Despite the fact that various international organizations suggest that fiscal policy to restore the environment is among the most effective tools for post-pandemic economic recovery, the expansionary plans being prepared by Latin American countries barely include investments in the green economy.

The creation of millions of new jobs and the drive for egalitarian and inclusive growth are the arguments put on the table to correct the crisis's adverse effects by promoting an economic transition towards net-zero emissions activities. Still, this response has not yet taken shape.

"There is still not enough investment in . . .

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