CaribESG Market News

BNDES, Finep, and Embrapii allocate US$1.2 billion for green energy projects

August 29, 2024

Brazilian development bank BNDES, public innovation agency Finep, and Embrapii are allocating US$1.2 billion for green energy projects. BNDES and Finep have launched a call for business plans to develop biorefineries that produce sustainable fuels for aviation and maritime industries. Source: BNAmericas

The World Bank provides US$110 million in financing to support Barbados’s transition to low-carbon economic development and climate resilience

January 18, 2023

The World Bank approves US$110 million in financing for Barbados to support its low-carbon economic development and climate resilience. The loan has two main pillars, the first focusing on green and blue resilient development, including water reuse, adoption of climate change and agriculture policy, and the establishment of an Environmental Sustainability Fund, among other items. […]

Closing the Gap: Climate Finance in the Caribbean

November 18, 2022

By: Republic Bank  As efforts to mitigate and adapt to climate change gather momentum across the globe, so too does the need for nations to do more. This has become more apparent in light of the tremendous shortfall in reducing greenhouse gas emissions, and achieving the 1.5 degree Celsius goal agreed upon in the 2015 […]

CEPM works to secure green loans for renewable projects in the Dominican Republic

November 17, 2022

CEPM, a division of InterEnergy is working to secure a green loan from Bank of America and a multilateral lender for renewable projects in the Dominican Republic. Source: Latin Finance

AOSIS in support of the creation of a multilateral fund that will help with the cost of responses associated with climate change

November 17, 2022

The Alliance of Small Island States (AOSIS) is in support of the creation of a multilateral fund that will enable developing countries to afford the cost of responses to loss and damage associated with climate change. Source: Jamaica Gleaner 

BNDES approves loan for US$130.2 million to support the development of 288 MW of wind parks

November 2, 2022

The Brazilian Development Bank (BNDES) will loan local developer, Casa dos Ventos, US$130.2 million to support the construction of 288 MW of wind parks. Source: Renewables Now

Brookfield Renewable and Stonefield will invest US$1 billion into the InterEnergy Group

October 19, 2022

Brookfield Renewable and Stonepeak partner to invest up to US$1 billion into the InterEnergy Group over the next four years. InterEnergy Group has operations in the Dominican Republic, Panama, Jamaica, Chile and Uruguay. Source: Renewables Now

Barbados is first Caribbean nation to receive funding from the IMF’s US$45 billion Resilience Trust

October 19, 2022

Barbados is the first nation in the Caribbean that will receive money from the US$45 billion IMF Resilience Trust. They will receive US$183 million for climate-focused spending. Source: ProPublica