Colombia has unveiled a US$40 billion financing plan aimed at reducing its reliance on fossil fuels and promoting a low-carbon economy. This initiative includes projects focused on sustainable tourism, low-carbon industries, and the electrification of transportation, marking a significant step toward decarbonization. Source: Energy News
Brazil’s Vale and Green Energy Park (GEP) are collaborating to establish a green hydrogen production facility aimed at creating low-carbon steel products. The initiative will develop a “Mega Hub” industrial complex for international steel manufacturers to source and produce hot-briquetted iron (HBI). Source: MSN
Brazil is investing approximately US$1.09 billion to establish clean hydrogen hubs aimed at decarbonizing hard-to-abate industries. This initiative is part of a collaboration with the Climate Investment Funds (CIF) involving 15 industrialized nations. Source: Fuel Cells Works