📋 Tender Overview
Vice Minister Raquel Soto said that said document will allow innovative financing mechanisms to be designed to prevent impacts.Lima.- The Ministry of the Environment (Minam) is directing the development of a proposal that identifies the risks and damages that climate change can cause in our territory. This, in order to design innovative financing mechanisms to prevent such impacts, reported the Vice Minister of Strategic Development of Natural Resources of said sector, Raquel Soto.
He specified that the sectors and social actors involved participate in the aforementioned process. Then, he announced that said document could be ready in the first quarter of 2026, and then presented to the international Global Shield program.
The damage and losses due to climate change affect the economy, livelihoods, ecosystems, infrastructure and health, he said at the first Global Shield Workshop against Climate Risks, held today in Lima.
Peru is highly vulnerable to climate change. Along these lines, he mentioned that there are losses equivalent to 2% of the annual Gross Domestic Product (GDP), due to climate-related disasters. Without adaptation measures, these could reach up to 5.2% of GDP by 2050, he warned.
Climate action involves the economic and social development of the country; and requires effective coordination between all those involved. With a common and multi-sector vision we will be able to strengthen the countrys resilience, protect lives and livelihoods, as well as ensure sustainable development, he commented.
The Global Shield Initiative against Climate Risks, launched by the Group of Seven (G7) and the Group of Vulnerable Twenty (V20) during COP27, seeks to increase the protection of vulnerable people and countries and contribute to an effective response to loss and damage caused by climate change.
