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CARIF Market News

  • Caricom countries set out COP26 outcomes

    August 17, 2021

    The executive director of the Belize-based Caribbean Community Climate Change Centre (CCCCC), Dr Colin Young, says the consequence for Caribbean countries will be “very dire” if the delegates to an international conference in Glasgow later this year fail to respond positively to the sixth report of the Intergovernmental Panel on Climate Change (IPCC). The IPCC’ […]

  • UN weather agency: millions affected by climate change and extreme weather in Latin America and Caribbean

    August 17, 2021

    Climate-related and geophysical events resulted in the loss of 312,000 lives and directly affected more than 277 million people in Latin America and the Caribbean, a new report released by the World Meteorological Organization (WMO) revealed on Tuesday. Source

  • The latest Haiti earthquake was more powerful than the devastating quake in 2010

    August 17, 2021

    The earthquake that struck Haiti on Saturday morning occurred on the same system of faults as the one that devastated the capital, Port-au-Prince, in January 2010. And the previous quake almost certainly made this one more likely to occur. Both quakes struck on an east-west fault line at the convergence of two tectonic plates, large segments of the […]

  • Assassination of Haitian Leader Highlights Nation’s Monopoly-Dominated Economy

    July 21, 2021

    The killing of President Jovenal Moïse took place against a backdrop of elite power, anticompetitive policies, and the U.S. doing little to create open markets. The power vacuum and dangerous instability in the Francophone nation result from many factors, but the American media ignore big ones, including state capture by elites, a grim monopolism that […]

  • Dominican Republic inaugurates 120 megawatt solar energy park

    June 17, 2021

    President Luis Abinader inaugurated the largest renewable energy park in the Antilles and another act, the Duarte highway kilometer 58, both works in the province of San Cristóbal. The president’s plan began in Yaguate with the inauguration of the Girasol Solar Park of the electric generation company EGE Haina, built for 100 million US dollars. […]

  • Hard-hit by COVID-19, Latin America seen skimping on climate cash

    June 15, 2021

    Latin America is investing too little in a green economic recovery from COVID-19, with only 2% of the region’s stimulus funds being spent on projects that help fight climate change, new data from Oxford University showed. Last year, 33 Latin American and Caribbean nations allocated $318 billion to fiscal and stimulus measures, but the tiny […]

  • Threatened Caribbean coral reefs get a new ally: the insurance industry

    June 15, 2021

    As climate change threatens coral reefs around the world, conservation experts in Latin America have enlisted an unlikely ally to try to preserve them: the insurance industry.   Source

  • SDG Index 2021: How did Caribbean countries perform?

    June 15, 2021

    Released annually, the Sustainable Development Report is a key resource for tracking countries’ progress towards achievement of the SDGs which are part of the 2030 Agenda for Development agreed to by UN Member States, including those in the Caribbean, in 2015. For those Caribbean countries ranked, Cuba was the highest with a rank of 49 […]

  • Devastating natural disasters show the need for resilient, sustainable and inclusive infrastructure

    May 21, 2021

    The eruptions on St Vincent are only the latest example of the damage such events can inflict on infrastructure that is not built to be resilient. Infrastructure is key to climate mitigation and adaptation efforts across the world. For states like St Vincent, as the La Soufrière eruptions have shown, infrastructure will define the battle […]

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