Inclusive Green Growth in Latin America and the Caribbean

Argentina has expanded the use of its
portion of the Parana-Paraguay waterways system for the
transportation of soy and other bulk commodities through an
innovative tolling system that self-finances the dredging
and maintenance of the rivers. Brazil, in turn, is pursuing
a 'green trucking' strategy to improve efficiency
of its cargo haulage industry, reduce petroleum usage, and
curb pollution from trucking. For the entire hemisphere, the
expansion of the Panama Canal will bring post-Panama vessels
and introduce greater scale economies in shipping. The
following sections of this paper provide a more detailed
review of the sectoral objectives, challenges, and way
forward in making Latin America and Caribbean (LAC) growth
greener and more inclusive. It looks back over the
achievements of the demand sectors of urban development and
infrastructure services, energy, urban transport, and water
and sanitation, as well as natural resources and rural
development since Rio 1992. It highlights the achievements
in those areas, and the ability of those accomplishments to
establish a robust path for the region to inclusive green growth.