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ECLAC Executive Secretary Highlights Low Carbon Growth Opportunities

11 November 2010: Alicia Bárcena, Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), delivered a statement at the Latin America and the Caribbean-EU Forum on Fiscal Policy and an Environmentally Sustainable Economy in the Context of Climate Change, which took place in Berlin, Germany, from 10-11 November 2010.

She stated that green fiscal reform "is a serious challenge but also a new opportunity to combine the establishment of solid fiscal foundations with environmental preservation, as long as this can be adequately combined with greater investment in critical areas (such as infrastructure), which could generate decent jobs with environmental sustainability." The seminar revolved around the question of whether innovation, productive convergence and employment can be compatible with sustainable development ("green" and low-carbon). In this context, Bárcena emphasized that climate change and the economic and social costs associated to it are becoming increasingly important. She expressed concern over the trend toward the international homogenization of tax rates, the growing use of "green taxes" and the carbon footprint of exports.

The Forum was convened by the Federal Ministry of Economic Cooperation and Development (BMZ) of Germany, the Ministry of Foreign Affairs of Chile and ECLAC. [ECLAC Press Release]