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The 2023 Annual Report of the Euroclima programme highlights substantial strides in fostering a green and just transition across Latin America and the Caribbean.

Under the Contract signed between SURECO & Partners CORP (contractor) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) (contractor). The deliverable constitutes a report with the main findings, including a data tool in excel format with the results of the mapping exercise of private sector investments available for the climate and biodiversity of the Latin America and the Caribbean (LAC) region in the sectors clean energy, water, transport, agriculture, forestry and other land uses (AFOLU), biodiversity and ecosystem-based solutions. This report was executed based mainly on publicly available secondary information.

The project “Green Economic Recovery: Mobilizing investments towards a low-emission and climate-resilient economy in Latin America and the Caribbean” aimed to support selected LAC countries (Argentina, Costa Rica, Grenada, Honduras and Panama) to address the main barriers faced by countries when designing, planning and financing post-COVID-19 recovery plans aligned with the Paris Agreement.

The Annual Report 2022 of EUROCLIMA+ presents the key activities and progress of the EUROCLIMA+ programme for the year ending December 31, 2022.

Latin America has enormous potential in almost all renewable resources. Non-conventional renewable sources are becoming the cheapest sources of power, enabling countries’ electricity matrixes to become progressively cleaner and affordable.

Intergovernmental Panel on Climate Change reports published in 2022 classified the Latin America and Caribbean (LAC) region as “highly exposed, vulnerable and strongly impacted by climate change”. To address this existential threat and align economies with the UN Sustainable Development Goals, governments in the region – and globally – are developing sustainability taxonomies at a rapid pace. However, a lack of comparability between national taxonomies creates hurdles for trade and international capital flows towards low-carbon projects.

The december 2022 e-bulletin highlights the main results or processes of the last quarter on the actions and projects that EUROCLIMA+ implements in the Latin American region. In this way, news, articles and other audiovisual information have been structured.

Nature-based Solutions (NbS) focus on the importance of ecosystems, and the services they provide people, to offer sustainable solutions to social, economic and environmental challenges.

NbS have played a central role in the discussions at the Conferences of the Parties (COPs) in recent years, especially at the COP 26 in Glasgow, Scotland. Despite the fact that NbS are widely recognized as effective measures to address the challenges associated with climate change, there are still some challenges to their implementation.

Nature-based Solutions have increasingly gained relevance in the field of climate action, and have been incorporated into countries' climate plans (Nationally Determined Contributions - NDCs).