Latin American governments need to take more action to combat climate change, as the recurrence and severity of natural phenomena will lead to a deterioration in productive capacity.
Moody's Analytics warned of this on Thursday (4).
In the report 'Latin America at risk from climate change,' the analytics firm said that governments, companies, and financial institutions should take preventive measures to reduce carbon emissions to mitigate the damage caused by climate change.
"One of the recommended strategies is the implementation of an emissions tax," said the document, prepared by Alfredo Coutiño, head of Latin America analysis at Moody . . .
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