The principal environmental issues in Peru are water pollution, soil erosion, pollution and deforestation. Although these issues are problematic and equally destructive, the Peruvian Environmental ministry has been developing regulation and laws to decrease the amount of pollution created in major cities and have been making policies in order to decrease the present deforestation rate.
The Economic Commission for Latin America and the Caribbean (ECLAC) estimates that the economic losses related to climate change could reach over 15% of national gross domestic product (GDP) by 2100. In 2010, Peruvian greenhouse gas emissions represented only 0.4% of global emissions. However, emissions are rising nationwide – particularly in the energy and transport sectors. In an effort to combat this, the Government of Peru approved a law to establish a national greenhouse gas inventory system called INFOCARBONO. INFOCARBONO will enable different ministries to include greenhouse gas management in their work.
Deforestation is a growing problem in the world today, especially concerning the amazonian rainforest. In recent years deforestation has increased and deforestation now causes about 18% of green house emissions. Peru has the fourth largest area of rainforest in the world, which covers nearly 60% of its territory (70 million hectares). Unfortunately, the deforestation rate in Peru is .35%-.5%, which is approximately 250,000 hectares cut down annually. Deforestation in Peru is largely a result of subsistence farming resulting from migrant farmers exploiting the squatter's law which allows citizens to get public land if they can prove that they have lived there for 5 years. More deforestation though, is caused by both legal and illegal logging, mining, petroleum drilling and road development.