Chile to Account for Costs of Climate Change in Budget

Chile will begin budgeting for the costs of fighting climate change,  Finance Minister Felipe Larraín announced on Tuesday, as receding glaciers and drought put a squeeze on water and natural resources in the world’s top copper producer.

The South American nation, which is due to host the COP25 global conference on climate change in December, said it would include a new line item for “climate expenditures” in its government budgets beginning in 2020.

“Currently, we don’t know how much we’re spending in the financing of climate action.  The lack of information makes it difficult to make good decisions,” Larraín told reporters.

Read more at Chile to Account for Costs of Climate Change in Budget