Latam x Sustainability
In a global climate crisis, country borders mean little.
In our pursuit of companies pushing the world forward, we recently wrote about our interest in the Latin American ecosystem – Early Stage Empresas.
Latin America and the Caribbean is one of the most urbanized regions in the world, with 83% of the population living in cities. The region is also known for its young, large, and growing population as well as its high levels of inequality. Balancing climate and development goals has never been more important.
According to the IMF Regional Economic Outlook, LatAm accounts for <10% of global Greenhouse Gas (GHG) emissions, with per capita net GHG emissions of 6.4 metric tons CO2-eq3. 45% of emissions come from agriculture, forestry, and change in land use, compared to the world average of 14% for the sector. On the other hand, energy only represents 43% of total GHG emissions, compared to the 74% world average.
Even though the region accounts for GHG emissions proportional to its population and GDP, it bears some of the highest costs associated with climate change. The effects of climate change vary widely across LatAm, with a few examples listed below:
Glaciers in the tropical Andes have lost 30% of their area since the 1980s, while some glaciers in Peru have lost more than 50% of their area, increasing the risk of water scarcity in these regions.
Sea levels continued to rise at a faster rate than globally, threatening a large percentage of the (Read more...)