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GEO-6 Regional Assessment for Latin America and the Caribbean
guide our relationship with nature and firmly root it in our collective value system. Both approaches recognize that there are many cases where economics cannot capture the intrinsic value of nature or culture and, therefore, could be seen as complementary.
In the LAC region, nearly all countries acknowledge the critical role of nature and ecosystems in their development plans and the subsequent need to preserve them. Another important common feature is the recognition of the essential role of the state to ensure government leadership
for developing and enforcing the necessary regulatory frameworks and incentives to promote environmental protection, economic advancement and social equity. The one common element that unites all of these approaches is that “they all see sustainable development as much more than simply economic growth in the traditional sense, and they all place paramount importance on increased well- being, equitable (re)distribution of wealth, and the health of the environment” (UNEP 2015c).