Development prospects for Latin America and the Caribbean in a post-COVID-19 world

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  Colombia unveils a US$40 billion financing plan to transition to a low-carbon economy

  October 10, 2024

  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

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  Vale and Green Energy Park (GEP) collaborate on green hydrogen facility to produce low-carbon steel products in Brazil

  October 10, 2024

  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

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  Brazil invests US$1.09 billion in clean hydrogen hubs

  October 10, 2024

  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