PERU GREEN ECONOMY BAROMETER 2018

The Peru Green Economy Barometer 2018, produced by Foro Nacional & Internacional and Libelula, assesses Peru's transition toward a fair and green economy. The report argues that while the traditional 'brown' economic model is struggling, a fragmented but promising alternative is emerging through private sector innovation, government policy shifts in transport and energy, and community-led conservation efforts.

• Peru's transition to a green economy is characterized by a struggle of the 'brown economic model' and the emergence of fragmented initiatives that the authors believe will reach a critical mass within five years.
• The Peruvian government is promoting electric vehicles (EVs) by excluding gas, electric, and new hybrid cars from the excise tax (ISC) framework, while increasing the tax rate for new diesel vehicles from 10% to 20%.
• Non-conventional renewable energy (RER), including solar, wind, geothermal, and biomass, currently accounts for 3% of total energy generation, with national plans aiming for 15% by 2030.
• Peru became the first Latin American country to approve a Framework Law on Climate Change on April 17, 2018, which establishes a roadmap for coordinating public and private climate actions and integrating nationally determined contributions (NDC) into sector planning.
• The report highlights the importance of valuing natural capital, citing a case where the company Minquest Peru surrendered mineral rights near Rainbow Mountain (Vinicunca) following public opposition to prioritize tourism and ecosystem services.
• Indigenous knowledge is identified as a valuable economic asset, though the report notes that enforcement mechanisms for protecting collective knowledge, such as Law N° 27811, remain weak.
• Financial instruments for the green economy are available but underutilized; the report notes that the green bond market shows little progress, with the IFC not moving forward on a planned $2 billion initiative after a $12.8 million bond in 2014.

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} }