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.