The “The Economics of Climate Change: Technical Report 2011,” Economic Commission for Latin America and the Caribbean, indicating that the economic impact of environmental commitments on the region could reach between 44,000 million and 73,000 million.
Environmental ministers and delegates from Central industrialized countries planning to meet their environmental and economic commitments, met in Nicaragua for three days, last week.
Among the environmental commitments, ministers and delegates agreed to demand compliance with the Kyoto Protocol, whose plan is to reduce emissions of greenhouse gases by 5% compared to the levels they had in 1990.
Official government data from the Central American Integration System (SICA) indicated that the region produces 0.5% of the greenhouse gases, but it is extremely vulnerable to the effects of climate change, where as the 37 countries that emits more than 80 percent of greenhouse gases are better prepared to handle negative impacts if climate change.
For this reason, the SICA countries seek to obtain resources, to mitigate those effects.
In 2010, the COP 16 (Conference of the Parties of the United Nations on Climate Change) in Cancun (Mexico) established the “Green Fund”, which spent 100,000 million dollars to mitigate the impact of climate change in developing countries.
The Costa Rica News (TCRN)
San Jose Costa Rica