Sustainability | Decarbonization opportunities for three key sectors of the Peruvian economy | Production chains Economy of Peru | Economy

Fifteen opportunities were identified in the three series analyzed in Peru Which may increase its participation in global value chains. Among the total opportunities identified, some allow for enhanced inclusion in global value chains and decarbonisation.

Decarbonization opportunities refer to specific actions that can be implemented during the production and marketing process of the analyzed goods to reduce their carbon footprint.

Read also: The Peruvian economy started the fourth quarter “in the red”: it fell by 0.82% in October.

the total, 19 decarbonisation opportunities have been uncovered in the country, a clear path forward to follow. Most of them are located on a longer-term horizon, and about half are concentrated in the fishing sector.

“Pesca was not originally in the studio. It was the Peruvian government that pushed us to include him because they estimated from their analysis that there were many opportunities. In the end, he ended up as the one with the most opportunities.Management commented Javier Peverinoti (JB), Economist at the Islamic Development Bank.

In the short term, in the fishing sector, there is an opportunity to obtain environmental certifications for products such as fan shells and prawns, which promote more efficient energy consumption.

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In the medium term, for example, the implementation of best practices to reduce fish waste is highlighted; Using on-board energy management systems to improve areas such as cooling and engine performance, among others. In the longer term, there is talk of decarbonizing the electrical grid for aquaculture operations.

Among the opportunities also available are: certification for reducing the use of harmful substances at different stages of the production process in cotton and synthetic fiber products for the textile sector; And investing in machines that allow expanding production capacity based on recycled plastic materials for the plastics sector and others.

Read also: The price of housing rent in Lima is at its highest level in four years.

Agroexport

The report also indicates that exports are linked to Agricultural industries Foods represent high levels of risk in terms of climate-related trade restrictions.

Peverinoti comments that modernization and irrigation are of great importance in this context. The amount of water wasted due to not having a drip irrigation system is staggering.. We have a series of projects in the agricultural sector, for example, we had a project in the south to grow grapes and we were able to reduce the carbon footprint through new irrigation techniques. “This is what we should aim for.”He said.

Overview

Osmil Manzano (OM), Regional Economic Advisor in the Andean Group Department of the IDBHe emphasized that we must understand that it is not only countries that are demanding better practices – for example, when they seek to export goods – but the private sector itself.

“Big global companies are starting to set standards because they know where the market is going. In fact, restrictions come before companies more than governments. “This is an agenda that goes beyond the public sector.”pointed out.

Andean region. In total, five strategic priorities were identified to promote regional and international inclusion of the value chains analyzed. The identified priorities relate to strengthening the trade support ecosystem, developing the capabilities of companies and workers, strengthening local supplier networks, adopting best practices for certification and access to global markets, and financing to facilitate access to productive machinery and equipment.

EU standards

administration He spoke with Peverinoti and Manzano about EU provisions that would stop the entry of products from deforested areas.

Peverinoti and Manzano, of the Inter-American Development Bank (IDB).

Peverinoti and Manzano, of the Inter-American Development Bank (IDB).

– Which destinations require increasingly higher standards in the sustainability of export products?

JB: The issue par excellence is European Union (European Union), which will basically start restricting imports if they don’t have quality seals. For example, what happens with coffee; It is required that it does not come from deforested areas. The EU Green Label is very important.

The United States will also begin implementing a series of measures with Green New Deal Which is being worked on. 66% of our region’s trade is with the United States. For Peru, the first destination is China, followed by the United States and the European Union. If two of these three destinations restrict exports, we will have a problem.

onWe must understand that it is not only countries that take measures related to sustainability, but the private sector. Major global companies are starting to set standards because they know where the market is headed. This is an agenda that goes beyond the public sector.

– When will we see stricter regulations implemented?

JB: We will start to see restrictions with the EU from 2025. This means that one should have started a few years earlier to adapt to the new regulations. In the United States, it could be implemented from 2026 or 2027, but we have to start thinking and acting accordingly because this is “just around the corner.” The El Niño phenomenon linked to the issue of climate change and constraints is not a coincidence. We’ll even start hearing that we’re late. But better late than never.

– What incentives can governments implement to encourage accession?

JB: Here there is the issue of capacity and technology support. Gabriel Daly (Managing Director of Confiep) mentioned the importance of technology and how important incentives are to foster change. To improve the capabilities of these countries, improving infrastructure is crucial, because much of what is lost in business opportunities, not only in Peru, is due to the fact that the roads are bad, or the trucks take a long time to reach the port, or they do not have the necessary refrigeration capacities. Because the trip takes a long time. There are issues that seem to be just technology, but have a lot to do with logistics and national infrastructure.

About the author

Luciana Flores

Bachelor in Economics and International Business from ESAN University and Specialist in Sustainability from Pacifico Business School. He was a sector and corporate analyst and content tester at Semana Económica. She is currently a senior economics writer at the Department.

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