Publication: Colombia Country Climate and Development Report
Loading...
Date
2023-07-21
ISSN
Published
2023-07-21
Author(s)
Editor(s)
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.
Link to Data Set
Citation
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
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Related items
Showing items related by metadata.
Publication Peru Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Peru Country Climate and Development Report (CCDR) provides analysis and recommendations on integrating the countryās efforts to achieve economic development with the pursuit of emission reduction and climate resilience. The CCDR explores opportunities and trade-offs for aligning Peruās development path with its recent commitments on climate change. Peru is highly vulnerable to climate change and needs urgent adaptation action. Peru can benefit from decarbonization policies, thanks to its mining, forestry and agriculture, and renewable energy resources. Peru has many opportunities to develop and implement comprehensive climate policies that also increase productivity and reduce poverty. A low-carbon, resilient development for Peru would require substantial institutional reforms, in addition to public and private investments.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentinaās growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentinaās potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentinaās context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the countryās growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.Publication Honduras Country Climate and Development Report(World Bank, 2023-05-16)Honduras is highly vulnerable to extreme natural hazards, which are expected to increase because of climate change. These will have significant consequences for all of Honduran society, affecting important economic sectors and threatening food and water security and human health. The impacts of climate change are expected to disproportionately affect the poorest and most vulnerable, such as indigenous peoples and afroādescendants (IPADs) and women. These impacts will likely compound existing challenges such as migration, internal displacement, and land conflicts and insecurity. Even though Hondurasās contribution to global emissions is significantly low, the country has opportunities to pursue lowācarbon development that will create coābenefits and foster synergies with climate change adaptation, particularly in the agriculture, water, forestry, energy, and transport sector. This CCDR recommends focusing on a parallel approach of a) crossāsectoral recommendations in the short term that allow for the creation of an enabling environment for sectoral recommendations in the long term and long term, while b) accelerating policy reforms and investments through a phased approach for priority sectors. This phased approach to sectoral action would help the country gradually enhance ambition while also harnessing the enhanced institutional capacities and increased enabling environment.Publication Ecuador Country Climate and Development Report(Washington, DC: World Bank, 2024-09-06)Ecuador is a middle-income country with abundant agricultural, oil, mineral, and hydropower resources and a challenging fiscal situation. Ecuador is already facing severe consequences from climate-induced hazards like droughts, floods, and rising sea levels, and these impacts are projected to escalate due to climate change. Ecuadorās development, heavily reliant on the state and fueled by oil exports, is fiscally dependent on this commodity, and the global shift toward decarbonization can significantly reduce the demand for Ecuadorās oil and agricultural commodities. Climate mitigation and adaptation actions combined with critical institutional and structural reforms will unlock Ecuadorās productivity and strengthen resilience to shocks, putting the country on a path of higher, more stable growth. Successfully addressing climate challenges can be achieved by combining institutional, macro fiscal, and sectoral policies that integrate climate and development priorities and exploit their complementarities under a whole-of-the-economy approach.Publication Dominican Republic Country Climate and Development Report(Washington, DC: World Bank, 2023-11-30)The Dominican Republic has made significant progress in boosting economic growth and reducing poverty, but it still faces challenges to achieve inclusive and equitable development, increase productivity, and improve the competitiveness and sustainability of primary sectors like agriculture, water, tourism, and energy. The National Development Strategy (NDS) and the National MultiāYear Public Sector Plan (NPSP) aim to address development and climate challenges and promote a green, inclusive and resilient future. The DR is highly vulnerable to climate change, which is likely to compound existing development challenges. By 2050, climate change impacts are expected to decrease labor productivity and affect health, crop yields, tourism, infrastructure capital, and natural ecosystems such as forests and coastal areas. Climate change also poses risks to the financial system such as the banking sector's heightened credit exposure to tropical cyclones and droughts. Although the DR has a small carbon footprint, the country's GHG emissions have been rising, mainly in the energy, waste, and agricultural sectors. Fostering a lowācarbon growth path can support the country's climate change goals while bringing important development coābenefits. The Dominican Republic CCDR employs a version of the MANAGE model. This CCDR further extends the model to incorporate the path of emissions from key sectors (transport, energy, AFOLU), and to incorporate DRāspecific climate damage functions to introduce the impact of climate change on the economy.
Users also downloaded
Showing related downloaded files
Publication Peru Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Peru Country Climate and Development Report (CCDR) provides analysis and recommendations on integrating the countryās efforts to achieve economic development with the pursuit of emission reduction and climate resilience. The CCDR explores opportunities and trade-offs for aligning Peruās development path with its recent commitments on climate change. Peru is highly vulnerable to climate change and needs urgent adaptation action. Peru can benefit from decarbonization policies, thanks to its mining, forestry and agriculture, and renewable energy resources. Peru has many opportunities to develop and implement comprehensive climate policies that also increase productivity and reduce poverty. A low-carbon, resilient development for Peru would require substantial institutional reforms, in addition to public and private investments.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentinaās growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentinaās potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentinaās context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the countryās growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication How to Protect, Build, and Use Human Capital to Address Climate Change(Washington, DC: World Bank, 2023-12-14)To respond to climate change effectively, human capital needs to be at the heart of policy responses. This policy note demonstrates the impacts of climate change across the lifecycle and provides a framework of policy and program interventions to protect, build, and use human capital to minimize climate change impacts and create opportunities for more sustainable and inclusive development on a livable planet. By demonstrating the scope of impacts of climate change on people and peopleās potential to contribute to climate action, the note also makes a case for prioritizing human capital investments as part of countriesā Nationally Determined Contributions (NDCs) and other climate strategies.Publication Tanzania Country Climate and Development Report(Washington, DC: World Bank Group, 2024-12-12)The Country Climate and Development Report (CCDR) for Tanzania identifies the impact of climate change on the countryās economy. The CCDR uses macroeconomic, climate, sectoral, institutional, and financial models to identify the economyās exposure to climate risks and the opportunities to integrate climate action and development. High poverty levels and dependence on rainfed, low-productivity agriculture leaves Tanzaniaās economy vulnerable to climate risks. By 2050, climate change could push an additional 2.6 million people in poverty and force up to 13 million Tanzanians to migrate internally. The CCDR presents how implementation of three multisectoral intervention areas could generate climate-positive, resilient, and inclusive growth in Tanzania by 2050. These are: integrating climate considerations when strengthening human capital and social protection; optimizing land and water use and management to boost agriculture and rural productivity, augment climate resilience, and lower greenhouses gas emissions; and prioritizing resilient and low-carbon transport, energy and digital infrastructure systems in urban areas and different sectors. The CCDR details governance arrangements for effective climate change action, presents investment needs, and describes options for mobilizing financing. Action is needed both to reduce vulnerabilities of Tanzaniaās current economy and realize the countryās Vision 2050 goal of a more inclusive and sustainable growth trajectory. Targeted climate action could boost private investment and job creation, enabling Tanzania to meet its development objectives in the face of global risks. Technical background reports prepared for the CCDR are available upon request.