COP 20: Environmental meeting means big bucks for Lima

0

Come December 2014, holiday spirit will be abuzz in the Lima air. From December 1st to the 12th however, diplomats from around the world will collect in the nation’s capital to discuss a not-so-sweet topic: climate change.

Lima successfully bid to host this year’s 20th edition of Conference of the Parties (COP 20) in which a new universal climate agreement will be negotiated.

Peru’s Environment Minister Manuel Pulgar-Vidal recently spoke at a conference to review the progress made leading up to the event. While the government has spent nearly US$ 90 million in preperation, the Pulgar-Vidal is sure that it will prove to be a profitable investment for the country.

With an expected 12, 000 international visitors, the December COP 20 event will be a financial opportunity for tourism and service sectors of the economy.
Pulgar-Vidal stated that the country is expecting an estimated US$ 120 million in return from the upcoming event.

The objective of the conference is certainly not about financial gain, however Lima will likely experience some perks to playing host.
The capital city is expecting return upon investments for the climate talk.

Comments

comments

Agnes Rivera

A U.S. native plucked from the green surroundings of her home state of Oregon, Agnes Rivera has been living in Lima, Peru, fulfilling various occupations such as teaching, translating, and journalism. While indoors she uses her time creatively to build "recycled art" and read fiction, she is quick to use any excuse to be outdoors, balancing her inner home-body lifestyle with an adventurous spirit to explore all that Peru has to offer.