Hoja de Ruta para una Taxonomía en Chile

The report outlines a framework for Chile to establish a national green taxonomy, which would serve as a classification system to identify sustainable economic activities and prevent greenwashing. It recommends that Chile follow a three-step path: adopt existing international taxonomies (such as those from the EU, China, or Climate Bonds Initiative), adapt them to local contexts, and lead the development of new criteria for sectors lacking international benchmarks, specifically mining. The document identifies energy, transport, construction, and industry as priority sectors for mitigation, while emphasizing that adaptation and resilience criteria must be developed in parallel across all sectors. It proposes a three-level governance structure involving government ministries, technical coordinators, and industry experts, and suggests focusing initial applications on green debt instruments.

• The recommended strategy for Chile to develop its national taxonomy is to 'adopt, adapt and lead'. This involves adopting international taxonomies where possible, adapting them to local circumstances, and exercising global leadership in underdeveloped areas such as mining.
• Based on financial parameters and greenhouse gas (GHG) emissions data, the priority sectors for the taxonomy's initial stages should be energy, transport, construction, and industry.
• Chile has a significant opportunity to lead the international community in creating eligibility criteria for the mining sector, as no international precedents currently exist in existing taxonomies. The focus should be on extracting strategically relevant minerals like lithium and copper for the low-carbon transition.
• The taxonomy should not only focus on mitigation but must develop adaptation and resilience criteria in parallel, as these are equally critical for addressing climate challenges. These criteria should be linked to local and regional adaptation plans.
• Eligibility criteria for the taxonomy must be binary, quantifiable, and based on science to ensure transparency and avoid greenwashing. They should be more ambitious than current national policies and aligned with the Paris Agreement's 1.5°C goal.
• The report suggests a three-level governance structure: Level 1 consists of taxonomy owners (e.g., Ministry of Finance, Ministry of Environment, Central Bank); Level 2 includes coordinators and advisors (e.g., BID, CBI); and Level 3 comprises technical and industry reviewers.
• It is recommended that the taxonomy initially be applied to green debt instruments, such as bonds and loans, before expanding to other financial products or entity-level reporting for large companies.
• To ensure a rapid rollout, Chile should start with 'fast-track' activities—those that can be adopted or easily adapted from international taxonomies without requiring detailed new technical reviews.

APA

Vidyaranya, V., Kidney, S., Gasparotto, T., Contreras, V. D., Boulle, B., Moore, S., & Galarce, A. (2021). Hoja de Ruta para una Taxonomía en Chile. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/Hoja-de-Ruta-para-una-Taxonom%C3%ADa-en-Chile_2025-02-17-162933_jqjc.pdf

Chicago

Vidyaranya, Vishwas, Sean Kidney, Thatyanne Gasparotto, Valeria Dagnino Contreras, Bridget Boulle, Stephanie Moore, and Alfonso Galarce. Hoja de Ruta para una Taxonomía en Chile. Climate Bonds Initiative, 2021. https://www.climatebonds.net/files/documents/publications/Hoja-de-Ruta-para-una-Taxonom%C3%ADa-en-Chile_2025-02-17-162933_jqjc.pdf.

Wikipedia

{{cite report |last1=Vidyaranya |first1=Vishwas |last2=Kidney |first2=Sean |last3=Gasparotto |first3=Thatyanne |last4=Contreras |first4=Valeria Dagnino |last5=Boulle |first5=Bridget |last6=Moore |first6=Stephanie |last7=Galarce |first7=Alfonso |title=Hoja de Ruta para una Taxonomía en Chile |publisher=Climate Bonds Initiative |date=May 2021 |url=https://www.climatebonds.net/files/documents/publications/Hoja-de-Ruta-para-una-Taxonom%C3%ADa-en-Chile_2025-02-17-162933_jqjc.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{vidyaranya2021hoja, author = {Vidyaranya, Vishwas and Kidney, Sean and Gasparotto, Thatyanne and Contreras, Valeria Dagnino and Boulle, Bridget and Moore, Stephanie and Galarce, Alfonso}, title = {{Hoja de Ruta para una Taxonomía en Chile}}, institution = {Climate Bonds Initiative}, year = {2021}, month = may, url = {https://www.climatebonds.net/files/documents/publications/Hoja-de-Ruta-para-una-Taxonom%C3%ADa-en-Chile_2025-02-17-162933_jqjc.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }