Peru: Law No. 30754 Framework on Climate Change

Peru reaffirmed its commitment to competitive and sustainable development by enacting the Framework Law on Climate Change No. 30754, aimed at strengthening the country's capacity to cope with extreme weather events and promote clean industries. Subsequently, on December 31, 2019, its regulation was approved by D.S. N.° 013-2019-MINAM, establishing a regulatory framework that integrates climate change into national development planning and contributes to the fulfillment of the Sustainable Development Goals. This regulation allows the State to improve the efficiency of public spending and represents a strategic investment, by reducing the costs derived from losses and damages. It also promotes low-carbon growth, actively involving all sectors of the country, including the public and private sectors, civil society, academia and indigenous peoples.