The Caribbean Development Bank (CDB) is launching a climate change project preparation fund to support its Borrowing Member Countries (BMCs) in creating feasible proposals to obtain climate financing. Source: BN Americas
The Asian Infrastructure Investment Bank (AIIB) approved a loan for US$65 million to go towards financing the construction of a wind farm and associated infrastructure in the province of Tierra del Fuego. Source: Renewables Now
Brazil’s Superintendency for the Development of the Northeast (Sudene) is set to loan US$24.5 million to support 116 MW of wind energy projects in Bahia state. Source: Renewables Now
St. Vincent & Grenadines endorsed the Bridgetown Initiative, which was created by Barbados Prime Minister, Mia Mottley, to transform the flow of climate finance to the Global South. Source: NBCSVG
The IDB and Banco do Brasil signed a letter of intent for a US$250 million credit line to fund sustainable development in Brazil’s Amazon rainforest. Source: Reuters
The European Investment Bank and Allianz Global Investors have made a US$77.5 million commitment towards the development of renewable infrastructure projects in Brazil. Source: Renewables Now
Brazil’s state-controlled oil company, Petrobras, purchased credits in the voluntary carbon market from a project aimed at preserving rainforest. Source: Bloomberg
Brazil’s Superintendency for the Development of the Northeast (Sudene) approved a loan for US$15.78 million to develop 128 MW of solar and wind energy projects in the Northeast. Source: Renewables Now