Countries around the world are thinking about how to address the widespread repercussions of the Covid-19 pandemic after the urgent and necessary short-term health response. Extraordinary resources are being made available by governments to relaunch the economy and to support vulnerable segments of the society.
These mid- and long-term stimulus packages hold both the potential of a more rapid and fair transition to low-carbon societies and at the same time, the risk of generating additional barriers to such transitions. Indeed, while many experts, organizations and policymakers have called for making sure that recovery strategies and investments pave the way for a more resilient and low-carbon economy, several countries have already taken measures to support the fossil fuel industry.
In Latin America and the Caribbean, governments must face the Covid-19 crisis from a weak position. This is due to both social and political instability and low economic growth that marked the end of the 2010s in the region. For oil-producing countries, this is combined with the dramatic drop in oil prices provoked by a combination of oversupply and a severe drop in demand due to the massive global shutdowns. This points to the need for sustainable recovery strategies that look forward and bring about different economies, that address the pervasive inequalities afflicting society, and reduce countries’ and regions’ dependence on fossil fuels (and other commodity) exports.
In this webinar, researchers and experts in green development policy will explore how recovery strategies in the face of the Covid-19 economic crisis can help foster more diverse, more sustainable and inclusive economies.
Recent research on different aspects of carbon lock-in and strategies to avoid and overcome it, will be presented by various organizations with regional experience on the subject. On the one hand, it will cover the multiple sources (techno-infrastructure, institutional and cultural) of carbon sequestration and how they are manifested in the context of Latin America and the Caribbean, as well as the associated financial risks. On the other hand, it will show opportunities for policymakers to use recovery plans in a way that allows for economic diversification and takes advantage of international support for transitions away from fossil fuels.
- Dr Elisa Arond, Research Fellow, SEI.
- Dr Graham Watkins, Principal Environmental Specialist, Climate Change, Division of the Inter-American Development Bank (IDB).
- Fernando Patzy, Senior Officer Latin America, Natural Resource Governance Institute
- Adrián Lauer, Program and Operations Officer, Climate Strategies.
Moderator: Isabel Cavelier Adarve, Transforma.
10:00–10:05: Welcome by Dr David Purkey, Centre Director SEI Latin America.
10:05–10:15: Introduction to the event and panelists.
10:15–10:55: Panelist presentations: Dr Elisa Arond, SEI; Dr Graham Watkins, IDB; Fernando Patzy, Institute of Governance of Natural Resources; Adrián Lauer, Climate Strategies.
10:55–11:15: Questions of the Moderator to the panelists
11:15–11:25: Questions from the public
The event will be held in Spanish on 22 July 2020. Register here.