ESG & Climate Finance News

February 2, 2022

U.S. Commits USD 12 Billion to Puerto Rico’s Energy Sector

The Biden Administration commits USD 12 billion in federal aid for Puerto Rico’s energy sector to strengthen the outdated electric grid. The US…

February 2, 2022

CDB Proposes “Financing Ecosystem” to Support its BMC Economies

The Caribbean Development Bank (CDB) considers launching a “financing ecosystem” to support its Borrowing Member Countries (BMCs)…

February 2, 2022

Total Eren Commissions 92 MW Terra Santa and 67.5 MW Maral Wind Farms in Brazil

Total Eren, an IPP based in Paris, commissioned the Terra Santa and Maral wind farms in Rio Grande do Norte, Brazil. Both wind farms hold a 20-year…

February 2, 2022

IFC Loans USD 60 Million to BBVA Peru for Green Building Finance Market

The International Finance Corporation (IFC) allocated USD 60 million in loans to BBVA Peru to support the launch of a financing market for green…

February 2, 2022

CAF Issues USD 382 Million Green Bond

The Development Bank of Latin America (CAF) issued a green bond in the Swiss market, equivalent to USD 382 million. The funds will be allocated…

February 2, 2022

Brazil Establishes Guidelines for Offshore Wind Development

The Brazilian government established new guidelines for the installation of offshore wind projects. The parameters assign the use of physical spaces…

February 1, 2022

IMF Reduces 2022 Economic Growth Estimate for Latin America and the Caribbean

The International Monetary Fund (IMF) lowered its 2022 economic growth forecast for Brazil and Mexico, the two largest economies in Latin America, by…

January 28, 2022

2021 Sustainable Finance Market Sets New Records

In 2021, over USD 1.6 trillion in sustainable debt was issued. The market also saw a 100% increase in green bond issuance from 2020 to 2021. Source:…

January 25, 2022

Colombia Unveils USD 19 Million Guajira 1 Wind Farm

Colombia recently inaugurated the country’s largest wind farm, Guajira 1, which expects to generate around 20MW and had a total investment of…