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Panama
Political Groups
G77
Global Climate Risk Index
108.33
Targets
World Bank Income Group
High income
Share of Global Emissions
0.05%
Documents
Sustainable Finance Taxonomy
2024Policy
This Taxonomy is a classification system that defines eligibility criteria and indicators to identify economic activities that contribute to the transition towards a sustainable, resilient and inclusive economy of the country. It is aligned with the 2021 Green Bond Principles, 2021 Social Bond Principles, and the Sustainable Bond Guide, published by the International Capit...
Panama Long-term low greenhouse gas emission development strategies (LT-LEDS)
2024UNFCCC
Panama Long-term low greenhouse gas emission development strategies (LT-LEDS)
Targets (14)
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- Carbon-neutrality by 2050Economy-wide · Target year: 2050Source: Executive Decree No.100 of October 20th, 2020 that regulates the Mitigation Chapter of the General Environment Law (Approved)
- Increase in reforested areas of 1 million hectares by 2030 against a 2017 baselineLULUCF: Afforestation · Target year: 2030Source: Law 69/2017 creating an incentive programme for forest cover and the conservation of natural forests
- 1 million hectares of forests will be established by 2050LULUCF · Target year: 2050Source: National Strategy for Climate Change 2050 (Executive Decree 34/2019)
- 30% of electricity generation will be renewable by 2050, with an interim target of 15% by 2030Energy · Target year: 2050Source: National Strategy for Climate Change 2050 (Executive Decree 34/2019)
- 30% of electricity generation will be renewable by 2050Energy · Target year: 2050Source: National Energy Secretariat Resolution N° 4747 energy transition agenda