Peruvian President Martin Vizcarra on Tuesday enacted a Framework Climate Change Law, aimed at reducing the country's vulnerability to this phenomenon caused by greenhouse gas emissions.
"Today, we witness an important event. The Framework Climate Change Law enables us to view the future with optimism and face it together. We are convinced a climate-responsible country can grow and has a forward-looking approach," he said.
"This is the first (framework law) in South America after the Paris Agreement
entered into force in 2016 and reaffirms our commitment to sustainable development for the well-being of present and future generations," the President was quoted as saying.
This way, Peru assumes a firm climate commitment and follows similar legislative initiatives in other countries.
"The legislation's goal is to reduce the country's vulnerability to climate change and take advantage of growth opportunities with lower carbon emissions," he stated.
Additionally, this is an opportunity for the State to gain efficiency in public spending and generate investment projects to include climate change in the national development planning process.
According to the statesman, the law will promote technology and generate important research work on decision-making when preparing public investment
Plus, it will result in investment savings and avoid unnecessary expenses.
The climate legislation was enacted within the framework of the GORE-Executive (Executive Branch and Regional Governors Meeting) held at Lima's Government Palace.