Written by Felipe Jiménez, Climate Change Mitigation Consultant
Humankind is destroying natural environments at accelerating rates. Deforestation, extensive agriculture, climate change, habitat invasion, biodiversity loss, and wildlife traffic, not only destroy vital ecosystem goods and services for humans but also open the way to zoonotic diseases and contamination of urban centers exposing people to deadly pathogens like the SARS-CoV-2, the virus responsible for the current Covid-19 pandemic. It was a matter of time for this time bomb to explode and cause such a dramatic impact in the world, as a result of environmental overexploitation and biodiversity’s mismanagement.
Governments, with the help of local and international organizations, have a great opportunity and responsibility to set their countries and the world on a more sustainable path. Currently, policies and subsidies have been structured towards the protection and conservation of ecosystems and biodiversity. Governments have understood the importance of reforming subsidies that are harmful to nature and introducing the payment of taxes for those activities involved in environmental degradation and biodiversity loss. The encouragement and promotion of effective nature-based projects and the strengthening of environmental monitoring and regulation procedures are being backed up by the governments and private sector initiative of creating more nature-based jobs. This in turn boosts up the economy and supports recovery processes within the ecosystems, promoting biodiversity’s conservation and restoration.
In addition to these actions, governments all around the world have banned wildlife traffic and taken precautionary measures to ensure food security and healthy consumption. In the same way, society leaders have conducted educational campaigns to raise awareness about the importance of establishing more sustainable alternative activities and confronting the problem through green investment and reinforcement of a more environmentally friendly economy and market.
Given the current situation, ALLCOT has a clear vision of its role in enhancing practices for the promotion of a resilient and well-functioning ecosystem. As a leader in the formulation of sustainable and climate change mitigation projects, ALLCOT supports the conservation of ecosystems and thus, the protection of biodiversity. Through the projects focused on reducing emissions from deforestation and forest degradation, ALLCOT tackles deforestation and forest fragmentation restoring biological corridors and protecting flora and fauna species, especially those key species considered vulnerable, endangered, or critically endangered due to their role as environmental indicators of a healthy ecosystem. Together with the mitigation and climate action scheme, ALLCOT develops a variety of sustainable initiatives around renewable energy, energy and resource management, and waste management. Through these series of projects, the organization conducts a qualitative evaluation of the Sustainable Development Goals (SDG) that could be positively impacted by the project’s activities and is currently working on a methodology that will allow monitoring this impact.
Among the activities that support the implementation of these programs, the projects include educational campaigns towards wildlife traffic, the correct resource, and environmental management, finance administration, governance, social leadership, etc. Additionally, supporting the previous idea of the encouragement and promotion of nature-based projects, ALLCOT develops well-structured plans that involve local community participation which gives them the opportunity to establish and learn about sustainable alternative activities and businesses.
We must realize that when we destroy biodiversity, we destroy the system that supports human life. Resources overexploitation, plastic pollution, overfishing, and the contamination of water sources are some additional critical issues that humankind must confront through the alignment of sustainable initiatives and actions. The formulation of such nature-based projects must receive clear support from the government and the private sector. These investments and subsidies will create a more resilient economy and will also tackle social problems such as poverty and hunger. Allcot’s contribution to the conformation and realization of these projects highlights the strong commitment that the organization has with the Paris Agreement objectives and the 2030 Agenda goals.
A few months ago we launched the ALLCOTooNS project and today we announce the second edition of this contest, which seeks to encourage children to get involved in the Sustainable Development Goals- SDG, the 17 goals set by the United Nations for the 2030 Agenda. In this opportunity, we wanted to hear the children’s perspective on the SDG #5: Gender Equality, one of the central themes of the current public debate, and which is still reflected in worrying figures such as the 132 million girls who do not have access to education worldwide.
It is crucial that children are involved in the conversation. This is why our aim at ALLCOT is to bring them up with questions that allow them to be critical of the reality they face every day, and above all, to be aware that they can take sides: it is the daily actions that build change. With this purpose, we carried out the 2nd ALLCOTooNS FORUM, where we could talk to some of the participants and listen to how they live the gender issue in their daily lives, a space of encounter that acquires a special value in the midst of the isolation that we all face due to the COVID pandemic19.
Talking with the participants, we found that the boys and girls are very aware of their context, have very clear references of women who have been pioneers – like Malala Yousafzai, to name one example – and also know that the work to achieve gender equality and to guarantee that all voices are heard is a task that is built by all of us. Without further due, we leave you with the works of art in which the little ones have shaped their vision, so that they can speak for themselves:
|Natalia López||Valeria López|
|Diego Muñoz García||Inés Muñoz García|
SDG #5 – 2nd round: Winners
Our Ethics Committee, chaired by Mr. Van Kirk Reeves, has delivered that the winners of this first contest are:
- Category under 10 years old: Diego Muñoz
- Category over 10 years old: Gabriela
Written by Andrés Melendro, Sustainability Manager
Last Wednesday, June 16th, the Center for Sustainable Development for Latin America (CODS) launched its SDG Index: a measure of the progress of Latin American and Caribbean countries towards the Sustainable Development Goals (SDGs).
The report highlights that, overall, the region is not meeting the goals set forth in the 2030 Agenda, and that the health and economic crisis linked to the COVID-19 pandemic also represents a considerable setback in most of the SDGs. If the current trend continues, the goals set in 2015 would not materialize even on a 50-year horizon.
SDG 13, Climate Action, stands out as an exception because widespread quarantines and restrictions on production have led to a considerable drop in greenhouse gas (GHG) emissions. However, the rebound effect is foreseeable since the reduction is circumstantial. In particular, it is possible that the interest of investing in sustainable projects and green technologies gets delayed by the haste to reactivate or protect sectors of greater importance for the immediate future of a company. In this sense, ALLCOT’s work to develop projects that generate financial incentives to reduce emissions is more relevant than ever.
The methodology advanced by the CODS is based on the one that the Sustainable Development Solutions Network (SDSN) has been using for several years worldwide to establish international comparisons. The CODS adjusts it to the statistical reality of the countries of the region, given the unavailability of many indicators. In this way, the comparison becomes more valid. In some cases, for some States, there is no available methodology for SDG measurement. Another issue is the lack of data: the index requires figures ex-ante and ex-post 2015 to measure progress since the creation of the 2030 Agenda.
The report also includes a visualization tool called the dashboard. This allows to highlight, through a traffic light code, how close an SDG is to being fulfilled, in order to serve as a prioritization tool in each country.
The publication of the SDG Index, as well as the creation of the municipal SDG indexes in Colombia cities by the Corona Foundation through its network tracking cities’ wellbeing, illustrate the trend towards the appropriation of the SDGs by non-governmental entities and their measurement at sub-national scales. The private sector, and in particular organizations setting standards for corporate sustainability reports, have also included the SDGs in their performance metrics. Precisely, ALLCOT is currently developing statistical tools to quantify the impact of the socioeconomic co-benefits of its climate change mitigation projects, through the 230 indicators associated with the 17 SDGs.
This exercise presents several challenges, given that the project areas tend to be smaller than local political-administrative divisions in the country where the project is developed and usually do not coincide with their geographical limits. ALLCOT, like the CODS, adapts the SDG indicators to the real data availability and to variables that make more sense depending on the specific context. In addition, to mitigate the absence of local data in many rural areas of developing countries, ALLCOT has created mechanisms for collecting primary data to establish a meaningful SDG baseline. In this way, ALLCOT takes a leadership role in measuring corporate impact on sustainable development.
Written by Alexis Leroy, CEO ALLCOT
The coronavirus pandemic has been a huge wake-up call for the world. In one short month, large swathes of the economy have either closed or been forced to scale back significantly. Air travel is virtually non-existent, private transport has shrunk to a shadow of its former self, and retail has almost entirely closed its doors.
And while we have been self-isolating at home, it’s given us all a chance to consider what we’re giving up, what choices we can’t make, and even whether we’d choose the same things again whenever restrictions are lifted. The lockdown has also turned into a fountain of ideas; ideas on how we can take this opportunity to rebuild our economies in a more sustainable way.
To be fair, some blueprints for a sustainable future are already on the table. In the US, the Green New Deal harkened back to President Roosevelt’s plan to bring the country back from the Great Depression of the 1920s. The 21st century version focused on climate change, the biggest challenge of our times, as well as social and economic inequality.
In Europe, the newly-elected Commission brought forward its own Green Deal last year, which is even more ambitious than its US counterpart. The EU plan seeks to turn the bloc’s entire economy upside down, refocusing on sustainability, climate, transitional measures to diversify and modernize the economy and offer opportunities for all. The proposals on both sides of the Atlantic are fortunate in their timing, as we grapple with “the fastest, deepest economic shock in history”. A lot of thinking has already been done.
For Asia, too, the pandemic represents an opportunity to embark upon the same shift, away from mimicking the West and towards a more sustainable, self-reliant economic model. Indeed, it may be the east’s only hope, if the kind of proposals that we read today are put into action elsewhere.
The liberal market-based economic model has been around for around 300 years. Globalization was the last great leap forward for the neoliberal interpretation, and coronavirus’ rapid expansion around the world is the warning that we cannot continue as we have done. The economy that evolved in the 18th century took the world as it saw it. It did not experience, as we do today, the immense impact of industry and business on our earth and our climate.
Pollution and resource scarcity were not considered problems 300 years ago, and all our efforts since then have been too modest, too piecemeal, and have been largely shrugged aside by the interests of old-world business models.
Yet today, we understand how our economic model impacts our health, our well-being. We can quantify the harmful effects of air pollution, just as we can quantify the cost of natural disasters.
With all this knowledge and understanding, gained through the immense technological advances of just the last 50 years, we have an opportunity to set a new course for the coming decades.
What must be done?
At a macroeconomic level, the world needs to commit, again and with greater force, to the purpose of the Paris Agreement and the Sustainable Development Goals. We need governments to line up behind these aims, to make pledges that are ambitious, believable and achievable, and develop the pathway towards achieving the ultimate prize.
The Sustainable Development Goals (SDGs) have a simple target: “a shared blueprint for peace and prosperity for people and the planet, now and into the future. They consist of 17 ambitions including reducing inequality, clean water and sanitation, climate action, responsible consumption and production, and zero hunger. All of these goals can be achieved with a thoughtful approach to re-building our shared economy.
And thanks to technology and understanding, progress towards the SDGs can now be quantified. Health, education, economic opportunity, stable societies, and even gender equality can be measured and assessed. And this quantification of achievement can now be rewarded. For the first time in our economic history, intangible impacts are now becoming tangible items on balance sheets. Efforts such as the Task Force on Climate-Related Financial Disclosure are slowly moving the needle on bringing externalities like greenhouse gases into the realm of real costs. And in the same way, improving our collective health, safety and prosperity can also be rewarded, in lower external costs (like carbon emissions and businesses losses) as well as in lower human costs.
The Paris Agreement has one, just one, simple goal: to ensure that by the middle of the century all our emissions of greenhouse gases are balanced by sinks that absorb those same gases. Again, this is a target that we can achieve if we plan carefully and put in the work, the investment, and the research to make it happen.
What will we gain? We will begin to return our climate to a state where catastrophic weather events are not “normal”, where deforestation does not rob peoples and species of their home, where water stress does not force mass migrations.
At a national or even multinational level, how can we make the changes that the future requires of us?
A Green Rebuilding
As we eventually emerge from the shadow of Covid-19, economies will need government help to re-start. Already we have seen billions of dollars, or euros, of pounds, spent to assist businesses and people to get through the lockdown. And we will see billions more spent to assist businesses to rebuild and restart their operations. We should make sure that we do not focus on short-term survival but on long term sustainability.
While we defend the independence of the private sector, when it comes to receiving publicly-financed assistance, the private sector should be required to follow public policy. Instead of spending 90% of the assistance on propping up existing business models, shouldn’t our leaders be looking at making our economy more resilient?
Financial assistance should come with conditions. Industrial companies should be required to make improvements and changes to their processes that match the SDGs. Where a factory now buys power from a gas-fired plant, any government assistance should require that it buys renewable power – a simple and achievable solution that comes at no additional cost.
Manufacturers should be required to use recyclable packaging, ensure the products are recyclable or reusable, and that their processes are as clean as possible. Regulations could be stiffened to require those producers to take legal responsibility for all lifetime waste associated with their products.
Commercial businesses should re-examine their practices and see what flexibility they can build into their operations. During the pandemic, we have seen an explosion in the use of video conferencing to maintain social links. Millions of people have been working effectively from home, rather than commuting to offices. Do we all, as employers *and* employees, need to commute to offices that use even more resources?
Instead of global supply chains, the business should be encouraged to look locally for materials and supplies, thereby reducing transportation emissions and pollution, and supporting the local community and its economy. And do we need to travel quite so much for business or for pleasure? There already is a growing awareness of the impact our travel habits have on the environment and climate, but the recovery from this global shutdown offers a real opportunity to wean ourselves off needless travel.
Lastly, how can you and I as individuals translate these goals into action on the ground?
As consumers, we can make more responsible choices and look after our outputs. When we buy, we should buy responsibly: are products reusable, recyclable and re-purposeable? Do our products even need packaging?
When we do consume, are we consuming more than we need? Are the electricity, gas, and resources that we use going from renewable sources or are we drawing on finite resources like oil or coal? Do we need to drive all the kilometers that we do? Is our flight necessary? Are we lighting and heating our houses responsibly?
Alternative products already exist for many of us, as we all know. But, critically, alternative choices exist too. It’s time we began to exercise more robustly our power of choice and, as individuals and consumers, ramp up pressure on business, on policy-makers, and on each other to think about the impact we have on our home.
The free-market economic model that was born in the heart of the Industrial Revolution, and which has lasted 300 years, is not fit for the 21st Century and the challenges it presents. We must not insist on a return to business-as-usual.
We, therefore, call on business around the world to acknowledge that the rebuilding of our economies in the wake of this pandemic cannot merely return us to the way things were before. The private sector must accept its historic role in bringing us to this point, and take on both the responsibility as well as the opportunity to fix our problems, even where the government is slow to act.
ALLCOT and Conservation International Colombia, an alliance with a strong sustainable impact in benefit of the ecosystems and communities in Colombia.
Although Colombia has one of the worldwide highest indexes of biodiversity, it has decreased by 18% during the last years. The biggest threat is the natural habitat’s loss due to agriculture and cattle industries. It is our responsibility to protect the ecosystems and to fight against the climate change that affects much of the national territory, especially to the underprivileged communities.
ALLCOT, with more than 10 years of experience, develops worldwide sustainable projects providing its clients and collaborators with the knowledge and management expertise of initiatives aimed to reduce greenhouse gas emissions (GHG) to actively fight against the climate change crisis. We establish a commitment and therefore create alliances with other companies that, like us, appreciate the environment.
Conservation International Foundation (CI) works to highlight and maintain the benefits that nature provides to humanity. From the start, CI has worked to protect more than 5 million square km (2.3 square miles) of land and ocean across more than 70 countries. Currently, it is established among 29 countries and has 2 thousand partners around the world.
Based on a solid foundation of science, partnership, and field demonstration, CI empowers societies to take care of nature, global diversity, and humanity’s well-being in a responsible and sustainable manner.
Thanks to the common values and the interest of both in recovering and working in favor of nature, ALLCOT and Conservation International Colombia join forces with the target of executing Sustainable Socio-Environmental Projects, aligned under the Sustainable Development Goals (SDG) of United Nations, that have a strong impact in the conservation of the environment, adaptation to the climate crisis and the communities development.
“Today more than ever it is high time to act. Act with significant actions against the imperatives of the environmental crises and consequential social impacts. Thanks to the alliance with CI, our shared values, and long-term vision, we can accomplish our goals and commitments within Colombia” said Alexis L. Leroy, ALLCOT’s CEO.
“The development of carbon market in Colombia represents a great opportunity to consolidate conservation and sustainability processes of maximizing the benefits over strategic ecosystems and its communities. The experience of CI working on socio-environmental projects in the territory, added to that of ALLCOT in the design of GHG reduction projects, will allow the development and implementation of high-quality projects” says Fabio Arjona, vice president of the Colombia Conservation International program.
Written by Mercedes García, Climate Change and Sustainability Manager
The degradation of mangroves during the last years is alarmingly increasing. Uncontrolled deforestation is one of the main causes, but the increase of the temperature of the planet is altering the salinity of certain areas, which significantly impact on the stability of an ecosystem as fragile as mangroves are.
Mangroves live in tropical and subtropical latitudes. To the south of Gambia, mangroves occupy Casamance estuary, where they form a long band over the northern margin of the 6 km wide river, between Ziguinchor and Tobor, in Senegal. Due to the anthropogenic pressure, linked to illegal harvest and agriculture, there are many mangroves areas in a state of maximum degradation on which we must act.
ALLCOT, together with the Senegalese NGO OCEANIUM, is working on the developing of reforestation and conservation project for a part of this mangrove, starting in Senegal and expanding in the coming months to the Gambia and Guinea Bissau. The goal of the project, called SWAMP (Senegal and West Africa Mangrove Project) is to empower the local communities through reforestation and mangrove conservation. For this, the project will be registered in the international standard SDVista with the objective of obtain carbon credits that could be reinvested in these communities and different socio-economics activities. For that, the participation of Senegalese government and local authorities has been necessary, through various meetings held during last year.
On October 15, ALLCOT had the privilege of being one of the speakers in these meetings, held in Zinguinchor. During a complete working day, the ALLCOT team had the opportunity to share with the participants how the project is structured, the short and long term objectives, and especially the detail of the socio-economics activities to be implemented, all of them aligned with the Sustainable Developing Goals (SDGs) of the 2030 Agenda.
There was also the opportunity to discuss and share a lunch with all the mayors who have already joined the initiative and many others who are still evaluating the possibility of adhering. Ideas about initiatives of developing and their alignments with the needs of the populations were exchanged. It was a very fruitful workday, which will be a turning point in the design of the SWAMP project.
ALLCOT has extensive wide experience in the design and structuring of the project in the field of mitigation of greenhouse gas emissions. Our role in the project is to improve the quality of life of the populations that live in the mangroves through the incomes from the carbon credits. To obtain the maximum benefit the project is designed to cover two main areas. In the most degraded areas, propagule plantations of Rhizophora Mangle and Avicennia sp are scheduled. In the areas, best-conserved, protection and training activities will be carried. These activities include the creation of monitoring brigades, to awareness and training in the field. In parallel, the technical team is working in different activities linked to the food security and gender equity for the communities who live in the mangrove areas.
Due to the significant social component of the project, the standard chosen has been SDVista. Standard developed by VERRA for all those projects which mitigate the greenhouse gas emission but have a profound impact on local populations.
One of the objectives of the standard is not only to evaluate the contribution of the projects with the SDGs, but also their quantification, monitoring, and of course the verification by an accredited entity. It is, therefore, a robust standard that aims to demonstrate in an effective and verifiable way that the projects are contributing to meet the needs of certain populations.
During last years, in ALLCOT we have worked in each one of our projects in the alignment of all the activities with the SDSs, all channeled through the fight against climate change.
SWAMP project is undoubtedly a clear example of the strategy of the company for the future. Empower the local communities through the fight against the current climate crisis by developing initiatives in the scope of all the SDGs of the 2030 Agenda.
Written by Encarnación Hernández, Climate Change Mitigation Consultant
We are currently facing a critical global situation in terms of consumption of plastics and their subsequent recycling. It is expected that by next year, plastic production will increase to 350 million tons. If this rhythm and the current “use and discard” consumption model are maintained, this level could increase to 619 million tons in 2030.
The process of decomposing plastic material produces the emission of two greenhouse gases with a high global warming potential (methane and ethylene) and a very harmful effect on human health. For this reason, in recent years various initiatives have been developed in the field of plastic waste reduction and recycling. Their main objective is to reduce dependence on existing conventional resources. However, there are other solutions in the market contributing to the manufacture of different products from recycled plastics. This is a great innovation in the recycling market.
ALLCOT Group, a company specialized in environmental solutions in the fight against climate change, is working on an innovative project based on the construction of sustainable housing from recycled plastic.
The main objective is the recycling of plastic waste to give it a second life, improving the performance of both recycling and waste recovery. The population is involved in the collection of plastic, mainly bottles, from which blocks and bricks are manufactured and used for the construction of houses or other types of buildings. These materials are flexible and flame retardant light and they display high insulation capacity. These characteristics make them ideal to face extreme weather events that often affect vulnerable countries to the effects of the current climate crisis, such as heatwaves or deterioration caused by water on such conventional buildings.
The ongoing project will be replicated in developing countries. It has focused on vulnerability groups, including women working in the informal waste recycling sector, and therefore contributing to the United Nations’ Sustainable Development Goals signed in the 2030 Agenda. In addition to reducing the amount of waste destined for its final disposition and increase its recovery, the project will yield another series of economic, social and environmental benefits. These include an increase in the country’s resilience to climate change, poverty alleviation, and improvement of the well-being and health of populations by offering a new sustainable livelihood. Finally, it also contributes to greater access to drinking water and improved biodiversity protection in the area.
This project contributes to the mitigation of GHG emissions and thus tackles the current climate crisis. With the use of different internationally accepted methodologies and previous studies, the actual reduction of greenhouse gas emissions can be calculated. In fact, the secondary production of construction materials entails lower amounts of CO2 emissions compared to conventional production (from 40% to 80% depending on the type of material).
Given that fuel and electricity consumption the freest are the stages of the building process that release most CO2, the plastic brick recycling project is expected to have a high impact on greenhouse gas emissions reduction.
Concentrating on five key areas (cement, plastics, steel, aluminum, and food), the project “Completing the Picture: How the Circular Economy Tackles Climate Change” illustrates how designing out waste, keeping materials in use, and regenerating farmland can reduce emissions by 9.3 billion tonnes. That is equivalent to eliminating current emissions from all forms of transport globally.
ALLCOT is currently developing a methodology to estimate CO2 emission reductions since there is none approved by the United Nations Framework Convention on Climate Change (UNFCCC) that directly applies to the project in question.
Once approved by the United Nations, project implementation can begin.
We need additional efforts to decarbonize our economy while creating creative and innovative sustainable growth opportunities.
✅ The actual situation of #plastic is critical, and if we don’t take forceful actions, it will be worse over the years. #Allcot works on a project that aims to give plastic a 2nd shelf life. Find out more 👇
https://t.co/XpACo7bLhK#recycling #co2 #climatechange pic.twitter.com/oKY108qgr5
— ALLCOT Group (@Allcot_news) October 17, 2019
The Ministry of Ecological Transition and Solidarity and the General Delegation of Québec in Paris will hold a seminar called:
QUÉBEC – FRANCE: ROUND TABLE ON THE CARBON MARKET
It will take place on September 30 in Paris, France. It will feature the persistence and participation of Elisabeth Borne, Minister of the Ecological Transition and Solidarity of the French Republic and Benoit Charrette, Minister of Environment and Struggle against Quebec Climate Change.
This event will be a great opportunity to discuss carbon pricing and the fair and equitable transition to a less carbon economy.
Some of the objectives of the seminar are:
- Present key tools and trends in carbon pricing.
- Illustrate how carbon prices can contribute to achieving the objectives of the Paris Agreement and support a fair and equitable transition.
- Highlight the importance of international collaboration for success in the fight against climate change, through carbon pricing.
Delegates of ALLCOT will be present to know in depth the details of this interesting and very nutritious session, giving the company a local and international vision of the Carbon market, which will allow us, to develop new tools and improvements in our services.
You can find more information about the seminar, including its programming by clicking on this link (In French language)
UNEP report calls for more integrated approaches to sustainable infrastructure to achieve the 2030 Agenda
The UN Environment Programme (UNEP) released a report that calls for more integrated approaches to sustainable infrastructure to achieve the 2030 Agenda for Sustainable Development. The publication aims to motivate development planners to invest in governments’ technical and institutional capacity to apply integrated approaches.
The report titled, ‘Integrated Approaches to Sustainable Infrastructure,’ underscores the linkages between infrastructure and sustainable development, observing that infrastructure affects the environment-focused SDGs and underpins the socioeconomic SDGs.
According to the report, approximately 70% of greenhouse gases are linked to the construction and operation of infrastructure, and buildings alone are estimated to account for more than 30% of global resource consumption and energy end use. As a result, the achievement of environmental SDGs such as climate action (Goal 13), life below water and life on land (Goals 14 and 15, respectively) is inextricably linked to present and future infrastructure assets.
The report recommends three key actions to promote integrated approaches to infrastructure at a system scale:
-Increasing the visibility of the central role of infrastructure in the 2030 Agenda, and making integrated approaches to infrastructure a distinct item on the global policy agenda, also mobilizing the research community to demonstrate the benefits of upstream, macro-level, integrated infrastructure planning and providing data and information to support decision making;
-Identifying and addressing gaps in tools for integrated approaches, consolidating existing tools and providing guidance on the use of tools to support integrated approaches to infrastructure in different contexts; and
-Providing development planners and government officials with specialized knowledge and technical capacity to adapt and apply available tools and approaches to sustainable infrastructure in support of the 2030 Agenda.
You can download the report here
Increasing public revenues is key to supporting the mobilization of resources with which to finance the 2030 Agenda, as indicated in the last Fiscal Panorama of Latin America and the Caribbean 2019, carried out by the Economic Commission for Latin America and the Caribbean.
The report analyzes the evolution of fiscal policies and their challenges and stresses that, now more than ever, it is necessary to address the high level of tax non-compliance and illicit financial flows in the region.
According to the research, the regional cost of tax evasion and avoidance reached 6.3% of the gross domestic product (GDP) in 2017, which is equivalent to 335,000 million dollars.
Tax policy has become more relevant as a tool to drive progress towards compliance with the 2030 Agenda for Sustainable Development, since it not only has an impact on the level of available resources, but on multiple dimensions of the Sustainable Development Goals as inequality, poverty, and the well-being of women, the elderly, young people and other vulnerable populations.
Five instruments are proposed to expand fiscal space and enhance the 2030 Agenda:
-Reduce tax evasion and illicit financial flows
-Improve the adoption of taxes to the digital economy
-Creating environmental taxes to advance towards the decarbonization of the economy and the productive reconversion
-Revaluate tax expenditures
-Force personal income tax and property taxes
In addition, ECLAC recommends five areas of public spending and investment:
-Politics of labor and social inclusion
-Measures that promote the use of innovative technologies in energy, mobility, communication and bioeconomy
-Programs for progress towards budgetary systems that encourage priority public investment through pro-investment accounting frameworks
-The establishment of public-private agreements for infrastructure and renewable energy
-The redesign of tax incentives for industrial policies
You can download the report here