Argentina can attain more robust economic growth by transitioning to a low-carbon economy, particularly transforming its energy and agricultural sectors, according to the World Bank Group’s Country Climate and Development Report (CCDR).
Curent impact of climate change
The report also analyzes the impact of climate change that is already affecting Argentina, especially floods and droughts. Annual asset losses due to flooding total $1.4 billion, a figure that will increase as weather events intensify. In addition, by 2050 losses due to droughts could mean 4% of GDP.
The Country Climate and Development reports are part of the World Bank Group's Climate Change Action Plan for 2025 and Argentina is one of the first 25 countries where this diagnosis is produced, analyzing at the local level how to achieve net-zero emissions.
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