Peru

We rate the net zero target as: Target information incomplete

The Peruvian Government updated its NDC at the end of 2020, stating its intention to reach net zero emissions by 2050. Peru is in the process of updating its Climate Change National Strategy with a timeframe up to 2050. In January 2022, the government declared a climate emergency of national interest through its Supreme Decree N°003-2022-MINAM and indicated that the new Climate Change strategy will be approved latest by October 2022 (Ministry of Environment of Peru, 2022a). As of August 2022, the Peruvian Government has not yet submitted a long-term strategy (LTS) to the UNFCCC.

The CAT currently does not evaluate Peru’s net zero target given the preliminary nature and a lack of more detailed information. The CAT will do so once further information is communicated by the government.

Scope

• Target year – Peru aims to reach net zero emissions by 2050.
• Emissions coverage – Peru provides no information on the target’s emission coverage.
• International aviation and shipping – Peru provides no information on its intention to cover international aviation and shipping.
• Reductions or removals outside of own borders – Peru provides no information on its intention to use international offset credits to meet its net zero target.

Target architecture

• Legal status – The Peruvian government stated its intention to achieve carbon neutrality by 2050 as part of its updated NDC in 2020 (Gobierno del Peru, 2020). The government is in the process of updating its Climate Change National Strategy which is to include a net zero emissions target by 2050 and is expected to be approved by the government latest by October 2022 (Ministry of Environment of Peru, 2022a). The 2050 target year has so far been emphasized and referred to on different occasions by the Ministry of Environment (El Peruano, 2021). However, as of August 2022, the Peruvian Government has not submitted a long-term strategy (LTS) to the UNFCCC.
• Separate reduction & removal targets – Peru provides no information on its intention to communicate separate emission reduction and removal targets.
• Review process – Peru provides no information on its intention to establish a review cycle for its net zero and intermediate targets.

Transparency

• Carbon dioxide removal – Peru provides no information on its intention to communicate transparent assumptions on carbon dioxide removals.
• Comprehensive planning – Peru provides no information on its intention to the planning of how to reach the net zero targets.
• Clarity on fairness of target – Peru provides no information on its intention to explain the target’s fairness.

The Climate Action Tracker has defined the following good practice for all ten key elements of net zero targets. Countries can refer to this good practice to design or enhance their net zero targets.