In September of 2015, along with 193 member countries of the United Nations (UN), Chile adopted the 2030 Sustainable Development Agenda, an action plan on behalf of the people, the planet and prosperity, aimed at strengthening universal peace within a broader concept of liberty. Chile made the commitment to advance the 17 goals included in this Agenda, with an emphasis in the social realm on poverty, zero hunger, gender equality, quality education and reduction of inequalities. In 2019, Chile presented its second Voluntary National Report on the 2030 Sustainable Development Agenda.

Chile has a strong commitment to climate change mitigation, adaptation and the protection of the environment. This is demonstrated by the ratification of the Paris Agreement of February 2017, through the Supreme Decree Nº 30 of the Ministry of Foreign Affairs. Chile has committed through its National Determined Contributions (NDC) in reducing its CO2 emissions to 30% of GDP by 2030, regarding 2007 levels. Also, Chile is currently updating its commitments to a more ambitious NDCs, in response to higher scientific demands to avoid surpassing the increase of 1.5ºC by the mid-century.

Among the local initiatives for sustainable development, is important to note that the Minister of Finance, Mr. Rodrigo Cerda, currently co-chairs the Coalition of Finance Ministers for Climate Action, in which more than 50 countries currently participate. In addition, Chile is currently leading the Conference of Parties (COP25) of the United Nations during this whole year, which reflects its strong climate commitment. All of this is backed by concrete actions, such as the agreement between the Ministry of Energy and the most relevant actors of the national energy sector to decarbonize the electric matrix, as well as the creation of the Public-Private Green Finance Roundtable between the Government, regulators and the financial sector, in order to develop a long-term agenda to identify and incorporate risks and opportunities related to climate change in the decision-making process.