The European Investment Bank (EIB) has released the findings of its Latin American and Caribbean edition of the EIB Climate Survey. The poll, conducted in May 2023, gathered responses from more than 10 500 participants from 13 countries in the region[1], including 1 000 Argentinians. The survey aims to understand how people perceive climate change, what impact it has on them, and what they expect governments to do about it.
Key findings
- 85% of Argentinian respondents believe climate change impacts their everyday lives.
- 83% are in favour of stricter government measures obliging people to adopt climate-friendly behaviour.
- 67% say that climate change is affecting their income or livelihood.
- 50% of respondents believe they may have to relocate to another region or country due to climate change.
- 62% feel that we should be focusing on investments in renewable energy sources.
The findings from the EIB Climate Survey indicate that climate change and environmental degradation are among the most pressing challenges facing Argentina. However, these issues still trail behind others such as violence and crime, political instability, poverty and inequality, unemployment, and social disparities. In general, the prevalence of climate change denial in Latin America is relatively minimal, with an average of 5% per country. However, Argentina has the highest rate in the region, peaking at 9%. 73% of Argentinians recognise that human actions such as the burning of fossil fuels are the primary contributors to climate change. This awareness is crucial in gaining public support for policies aimed at reducing greenhouse gas emissions.
The impact on everyday life
Among the Argentinian respondents, 85% say they feel the effects of climate change in their daily lives, with 42% saying it affects them “very much.” This percentage is notably high in all countries surveyed, from 84% in Uruguay to a massive 96% in El Salvador. This reflects the tangible consequences of extreme weather events and environmental degradation. For example, 24% of Argentinians have already experienced water scarcity (such as water shortages and conflicts over water resources). Moreover, 67% of respondents in Argentina say that climate change is negatively affecting their income or source of livelihood. This sentiment is shared by a majority in each country, with the figures ranging from 58% in Uruguay to 77% in Peru.
Concern over climate-related migration
A striking finding is that half (50.5%) of Argentinian respondents think they may have to move to another region or country due to climate change. In nine out of the 13 countries surveyed, over half of the population believes so (from around 50% in Argentina to 61% in Ecuador). This sentiment is even stronger among younger Argentinian respondents, with 64% of those under 30 sharing this belief.
Public support for government action
83% of Argentinians surveyed are in favour of the government implementing stricter measures to combat climate change. This sentiment is overwhelmingly prevalent across the region, with the figures ranging from 83% in Brazil and Argentina to an impressive 95% in Peru. This demonstrates a willingness to accept changes in policy and lifestyle for the sake of long-term environmental sustainability.
When asked what the government’s main goal should be, 62% of Argentinian respondents said that the focus should be on the environment and sustainable growth rather than on economic growth at any cost.
Policies to fight climate change and its repercussions and to protect the environment are perceived positively by Argentina. Nearly two-thirds (64%) of Argentinians believe that these policies will improve their day-to-day lives. However, this is less than the Latin American average (76%).
Similarly, 60% of Argentinians believe that these policies will be a source of economic growth and wealth for their country, and 60% believe that they will create more jobs than they remove.
Future-oriented energy choices
62% of respondents in Argentina say that the country should prioritise investments in renewable energy over fossil fuels or other polluting energy sources. 35% would prefer large-scale renewable sources such as hydro, wind, solar or geothermal power plants, while 27% would favour smaller renewable sources like rooftop solar panels or small hydro plants. This preference for renewable energy investments reflects a growing awareness among Argentinians of the importance of sustainability and the role of clean energy in combating climate change.
Ricardo Mourinho Félix, EIB vice-president in charge of Latin America and the Caribbean, and economic research, said:
“The EIB Climate Survey reflects the growing consciousness and concern among Argentinians and the broader Latin American and Caribbean population regarding the dangers of climate change. Through EIB Global, we aim to build partnerships with governments, cities and businesses in Argentina to support climate action on the ground through green and resilient investments. We encourage potential clients to contact our Bogotá office.”
Ambroise Fayolle, EIB vice-president in charge of climate, said:
“The EIB Climate Survey results from Latin America and the Caribbean highlight a strong public awareness that the green transition can be a driving force for economic growth. At the EIB, we are steadfast in our commitment to assist the region in accelerating the green transition and building resilience to the impacts of climate change.”
Want to know more?
All data from the survey are available here.
About the EIB:
The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. The EIB brings the experience and expertise of our in-house engineers and economists to help develop and appraise top quality projects. As an AAA-rated, policy-driven EU financial institution, the EIB offers attractive financial terms, including competitive interest rates and project-aligned loan durations. Through our partnerships with the European Union and other donors, we can also provide grants to further improve the development impact of the projects we support.
About EIB Global in Argentina:
The EIB is the largest multilateral public bank in the world and financed around €10.8 billion in investments outside the European Union in 2022 via EIB Global, the arm of the EIB created in the same year for activities outside the European Union. Since the EU bank started working in Argentina in 1994, it has provided over €1.361 billion to finance investments on favourable maturity and interest rate terms, with the aim of improving the quality of life of Argentinians.
About EIB Global in Latin America:
EIB Global has been providing economic support for projects in Latin America since 2022, facilitating long-term investment with favourable conditions and providing the technical support needed to ensure that these projects deliver positive social, economic and environmental results. Since the EIB began operating in Latin America in 1993, it has provided total financing of around €13 billion to support more than 150 projects in 15 countries in the region.
About the Global Gateway initiative:
EIB Global is a key partner in the implementation of the European Union’s Global Gateway initiative, supporting sound projects that improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors. Investing in connectivity is at the very heart of what EIB Global does, building on the Bank’s 65 years of experience in this domain. Alongside our partners, fellow EU institutions and EU Member States, we aim to support investment of €100 billion (around one-third of the overall volume of the initiative) by the end of 2027, including in Argentina and the rest of Latin America.
About BVA:
BVA is an international market research firm specialising in consumer insights and data analysis. BVA partners with various organisations to provide comprehensive market research and survey results.
[1] Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Mexico, Panama, Paraguay, Peru and Uruguay.