PERU GREEN ECONOMY BAROMETER 2018

The Peru Green Economy Barometer 2018 evaluates the country's shift toward sustainability, noting a tension between optimistic private and civil society initiatives and a fragmented overall transition. It highlights the role of the 2018 Framework Law on Climate Change as a critical roadmap for coordinating national efforts. Key areas of focus include the potential for non-conventional renewable energy, the promotion of electric vehicles through tax reforms, and the need to integrate natural capital into government decision-making. The report emphasizes that for the transition to scale, Peru must improve the dissemination of green financial instruments, promote transversal sectoral actions, and ensure the inclusion of vulnerable and indigenous populations in the green market.

• Peru's traditional 'brown' economic model is failing, but a green alternative is emerging through fragmented initiatives from the private sector, civil society, and government, which the report suggests will reach a critical mass within five years.
• The Peruvian government is promoting the adoption of electric vehicles (EVs) by excluding gas, electric, and new hybrid cars from the excise tax (ISC) and increasing the tax rate for new diesel vehicles from 10% to 20%.
• While hydropower (57%) and natural gas (40%) dominate electricity production, non-conventional renewable energy (RER) such as solar and wind currently represents less than 3% of total generation, with a national goal to reach 15% by 2030.
• Peru became the first country in Latin America to approve a Framework Law on Climate Change on April 17, 2018, which establishes obligations for adaptation and mitigation and integrates Nationally Determined Contributions (NDC) into sector planning.
• There is a critical need to better value natural capital to prevent resource exploitation from overriding ecosystem services, as evidenced by the case of the Rainbow Mountain where public opposition led a mining company to surrender its rights.
• Indigenous knowledge and traditional designs, such as the Kené of the Shipibo-Konibo community, are emerging as valuable economic assets, though the report notes that mechanisms to protect this collective knowledge and ensure fair partnerships with companies remain weak.
• Financial instruments for the green economy exist—including green bonds, fintech, and innovation grants—but their adoption remains limited due to a lack of information and a tendency toward fragmentation.

APA

Green Economy Coalition (2018). PERU GREEN ECONOMY BAROMETER 2018. https://www.greeneconomycoalition.org/assets/reports/Barometers-2018/Peru-GE-Barometer-2018-Final-WEB.pdf

Chicago

Green Economy Coalition. PERU GREEN ECONOMY BAROMETER 2018. 2018. https://www.greeneconomycoalition.org/assets/reports/Barometers-2018/Peru-GE-Barometer-2018-Final-WEB.pdf.

Wikipedia

{{cite report |author=Green Economy Coalition |title=PERU GREEN ECONOMY BAROMETER 2018 |date=2018 |url=https://www.greeneconomycoalition.org/assets/reports/Barometers-2018/Peru-GE-Barometer-2018-Final-WEB.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greeneconomycoalition2018peru, author = {{Green Economy Coalition}}, title = {{PERU GREEN ECONOMY BAROMETER 2018}}, institution = {Green Economy Coalition}, year = {2018}, url = {https://www.greeneconomycoalition.org/assets/reports/Barometers-2018/Peru-GE-Barometer-2018-Final-WEB.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }