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Discussing decarbonization policies with the Ministries of Finance of Chile and Paraguay

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June 23-25, 2021

In view of building back stronger after the socio-economic crisis caused by COVID-19, South America is designing progressive recovery strategies aligned with the Sustainable Development Goals set by the United Nations and the Paris Agreement. On June 23-25 the Ministry of Finance of Chile and the Ministry of Finance of Paraguay organized the online event “Towards Decarbonization of the South American Economies”, with the technical support of the Development Bank of Latin America (CAF) and the collaboration of the Inter-American Development Bank (IADB) and the UN Sustainable Development Solutions Network (SDSN).

The aim was to offer a platform to share experiences and stimulate a discussion among economists, climate change experts and policy makers, in order to decarbonize the regional economy and achieve a sustainable growth.

Sessions ran over three days under the umbrellas of regional energy integration, green recovery and South American long-term strategies for NDCs (Nationally Determined Contributions). Our Managing Director Carlo Papa participated in a panel on the second day, speaking of what is needed for a resilient recovery by sharing the findings of recent researches carried out by Enel Foundation. In particular, he illustrated the results of the work performed for the Italian Export Agency on new risk indicators and the main findings of the study on interconnections in South America. He also mentioned the work we have recently initiated for the International Energy Agency (IEA) on jobs in the energy transition, commenting on the importance of responsible modelling as a compass for policies crafting especially to enhance FDIs in the region.

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