Latin America is both a source of, and a sink for, carbon emissions. Growing energy demand makes many Latin American countries increasingly significant contributors to global emissions. The high level of oil production and drive to develop new petroleum resources contrasts with many governments stated intentions to pursue low carbon development. Nevertheless, there is enormous potential to implement both mitigation and adaptation activities that are compatible with sustainable development objectives.
Overall, the number of climate change related initiatives across Latin America is increasing. Many countries in the region are playing a pioneering role in piloting new approaches to climate finance delivery: for example, Brazil has established an Amazon Fund to help it reduce deforestation.
Finance is concentrated in a small number of countries, and in general financing for adaptation remains limited.
The content on this page is taken from the Climate Finance Fundamentals publication series. Download the 'Regional Briefing - Latin America':