The purpose of this law is to face the challenges presented by climate change, move towards a low-carbon development, until reaching and maintaining carbon neutrality by 2050. It also aims to adapt to climate change, reduce vulnerability and increasing resilience to the adverse effects of climate change, and comply with the international commitments assumed by Chile. This document amends a number of existing laws in Title IX.
The law is based on the following principles: scientific validity, cost-effectiveness, ecosystem approach, equity and climate justice, non-regression, citizen participation, precaution, preventiveness, progressiveness, territoriality, climate emergency, transparency, transversality, coherence, and flexibility.
The law defines the objectives, purposes and elaboration mandates of:the Long Term Climate Strategy in art 5. It sets its implementation means in art. 6. Title III sets the norms on emissions standards and emissions reduction certificates. Title IV defines the institutional framework on climate-related issues. Title V creates the National System of Access to Information and Citizen Participation on Climate Change. Title VI sets the rules on mechanisms and financial guidelines to address climate change. A Climate Change Financial Strategy is created (art. 35).
Art. 45 states that the owners of projects or activities that do not comply with the provisions of article 41 will be sanctioned by the Superintendence of the Environment, in accordance with the provisions of its organic law.
