Incorporating climate action into public investment: progress and challenges of national public investment systems (SNIP) in Latin America and the Caribbean

Countries must integrate climate criteria into their public investment systems to develop low-carbon economies and strengthen resilience to climate events. In Latin America and the Caribbean, although investments have been aligned with climate commitments, clear guidelines are still lacking. The greatest progress is seen in ex ante evaluation, with risk management methodologies, but the formal inclusion of climate indicators in project selection remains limited. Climate governance is advancing, although with reduced participation of the SNIP. The main barrier remains weak institutional capacity, which highlights the need for its strengthening.