Peru hosted the United Nations Framework Convention on Climate Change Conference of the Parties (COP20) last December, which led to the creation of 27 environment-related investment projects worth close to US$461 million.
While addressing the Congress' Foreign Relations Commission, the Minister indicated the international cooperation projects are based on programs aimed at mitigating the effects of climate change (global warming), particularly in the Amazonia.
The head of the Ministry of Environment indicated the Peruvian profit has been “convincing” because the amount represents a higher number than the nearly US$100 million invested in the event's organization.
Of those funds, 78% was provided by hosting nation (Peru). The remaining amount came from friendly nations, especially those from Europe.
Likewise, the Minister highlighted the event "had a net economic impact worth over US$120 million (33% higher than the investment)."
This enabled to create some 17,500 new jobs (10,600 direct and 6,800 indirect ones), he affirmed.
The lodging and restaurants sectors benefitted the most from it (60% expansion).
Concerning the environmental policy, Pulgar-Vidal said Peru was granted an international recognition for assuming the COP20 Presidency thru November 2015.
The country is also co-President of the Green Climate Fund (jointly with Norway), and holds the Vice Presidency of the United Nations Environment Assembly (UNEP).
(END) NDP/EGZ/ASH/MVB