Mountain Partners to Create Chile’s First Climate VC Fund

December 9, 2021

For the first time ever, Chile will have a climate venture capital fund that will focus on investing in companies contributing to fighting climate change. Mountain Partners AG’s Chilean division is in the process of setting up the fund. They planned to raise $50 million, and have already secured most of the funding. Its first […]

Spain’s Dominion Energy, Bas unveil 50-MW solar project in Dominican Republic

December 9, 2021

After a year of building in the Dominican Republic, Spanish renewables developers Dominion Energy SL and its affiliate Bas Projects Corporation SL unveiled their 50-MW solar farm, El Soco. Development is still underway, but Bas Projects Corporation CEO Emilio Martinez told local media that the El Soco plant could be connected to the grid in […]

Costa Rica Submits Geothermal Direct Use Legislation for Consultation

December 9, 2021

Costa Rica is in an important position to begin increasing their direct use of Geothermal resources. However, due to barriers like the lack of a nationwide regulatory framework, the significant potential for geothermal direct use in Costa Rica remains at arm’s length. In response, the Ministry of Environment and Energy (MINAE) invited stakeholders and other […]

Caricom talks sustainable energy and moves away from fossil fuel

December 8, 2021

The Seventh Caribbean Sustainable Energy Forum (CSEF) hosted by the Caribbean Community (Caricom) Secretariat and the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE)  is seeking to address the most pressing sustainable energy challenges and opportunities facing the region. Source

IRENA, small island states align to accelerate energy transition

December 8, 2021

The International Renewable Energy Agency (IRENA) and the Alliance of Small Island States (AOSIS) have signed an agreement that will see the two organizations work closely to mobilize climate finance and to advance the deployment of renewable energy across Small Island Developing States (SIDS). Source

New platform will seek the development of green hydrogen in Latin America and the Caribbean

December 8, 2021

November 30th 2021 marked the official launch of H2LAC, a new collaborative platform that seeks to promote the development of green hydrogen in Latin America and the Caribbean, bringing together representatives from over 19 countries. This initiative is endorsed by GIZ in collaboration with the World Bank, ECLAC and the European Union’s Euroclima+ Program. There […]

$3 trillion in Latin American oil assets are at serious risk due to lacking energy transitions

December 8, 2021

Early this year, the World Bank named Iraq, Libya, Venezuela, Equatorial Guinea, Nigeria, Iran, Guyana, Algeria, Azerbaijan, and Kazakhstan as the most vulnerable oil-producing nations due to their high exposure to the oil and gas sector and relative lack of diversification. Latin American economies are, however, not much better off due to their high reliance on […]

Transparency of ESG investment ratings faces regulatory scrutiny

December 8, 2021

 Reuters reported market regulators set out a global framework to police environment, social and governance (ESG) investment ratings and help combat ‘greenwashing’ in the fast-growing, multi-trillion dollar sector. Source

Liberty Latin America is committed to ESG practices across LAC region

December 8, 2021

In one of Nasdaq’s recent “Trade Talks,” Liberty Latin America Chief Legal Officer John Winter joined Jill Malandrino to discuss how Liberty Latin America is committed to ESG practices across Latin America and the Caribbean.   Source