Costs and benefits of achieving carbon neutrality in Latin America and the Caribbean

This report explores how Latin America and the Caribbean can improve socioeconomic and development outcomes while achieving net-zero greenhouse gas emissions by 2050. Specifically, they present SiSeVamos, a code-based decarbonization modeling toolkit. open that evaluates the costs, benefits and emissions reductions across the economy. It is concluded that maximizing actions could achieve net-zero emissions in the region by 2050 and $2.7 trillion in net benefits compared to more traditional development. Benefits include huge fuel cost savings; avoided costs from reduced air pollution, congestion and car accidents; and the value of forest ecosystem services.