Publication: Colombia Country Climate and Development Report
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Date
2023-07-21
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2023-07-21
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Abstract
As Colombia navigates a complex path toward a richer and more equitable future, the country faces three critical climate transitions. First, it will need to transit from a climateāvulnerable to a more climateāresilient economy. Second, guided by its LongāTerm Climate Strategy (LTS) and strong legal framework, which place it among the climateāgoal leaders of the Latin America region, the country will need to navigate a transition to a net zero greenhouse gas (GHG) emissions economy in the context of its stated goal for 2050. Third, in a world that will demand increasingly less of Colombia's primary exportsāoil and coalāand more green products, it will need to engineer a transition in its economic model. This Country Climate and Development Report (CCDR) explores the opportunities for, and challenges to, achieving Colombiaās development goals and its ambitious climate commitments, as well as the complementarities between the two. It explores how climate change and climate action would affect the countryās growth and development and, in turn, how growth and development challenges would affect the achievement of its climate ambitions. The CCDR also investigates complementaritiesāspecifically, how climate action could help Colombia achieve its development objectives, capture opportunities, support a just and inclusive transition, and protect its economy against longerāterm risks from climate change and from the worldās transition toward net zero GHG emissions.
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āWorld Bank Group. 2023. Colombia Country Climate and Development Report. CCDR Series; July 2023. Ā© World Bank. http://hdl.handle.net/10986/40056 License: CC BY-NC-ND 3.0 IGO.ā
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