Climate Finance - Page 23 of 25

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 […]
World Clean Energy Summit: Chile will lead a new green hydrogen mission
June 15, 2021
Chile’s Biminister of Energy and Mines, Juan Carlos Jobet announced announced that Chile, along with Australia, the United Kingdom and the European Union, will lead the new clean hydrogen mission. According to Jobet the mission has three pillars, (1) foster research and development focused on the innovation of technologies and industrial processes. (2) Development of […]
Pandemic derails Caribbean islands’ bid for greener, cheaper energy
May 17, 2021
A lack of climate finance, electricity monopolies and now the pandemic’s ripple effects are slowing the Caribbean’s shift from economies run on fossil fuels to clean energy, banking and government officials said on Tuesday. In the Eastern Caribbean, only 10% of energy comes from renewable sources and plans to promote the use of solar and […]
Barbados RF bank completes BBD$14M green energy bond
March 30, 2021
Barbados-based RF Merchant Bank & Trust Limited (RF) announced that it has completed a fund raise of BBD$14M in Green Energy bonds for Williams Renewable Energy Limited — a wholly owned subsidiary of Williams Caribbean Capital, an entity focused on alternative energy. Source
Knee deep in a COVID-19 stricken economy, why should the Caribbean accelerate investment in sustainable energy
February 16, 2021
Despite the prevailing economic climate, we cannot halt the Caribbean’s energy transition when sustainable energy presents a viable and lasting solution to our economic challenges, writes Dr. Gary Jackson, Executive Director at the Caribbean Center for Renewable Energy and Energy Efficiency. Source
IDB seeks bids for Colombia renewables consultancy contract
February 16, 2021
The Inter-American Development Bank (IDB) has launched a tender for a consultancy contract that seeks recommendations for the integration of new renewable power generation projects in Colombia. Expressions of interest for the US $1 million contract must be submitted before February 19. Source
DXCD, the eastern Caribbean Central Bank digital money Is being readied for production
February 1, 2021
The Eastern Caribbean Central Bank (ECCB), the monetary authority for a group of eight island economies has begun looking into Central Bank Digital Currencies (CBDCs) as a way to drive investment in the Caribbean. Source
Abu Dhabi Fund to start 2021 with project allocations worth $169 million, earmarks $50 million for Caribbean
January 25, 2021
Abu Dhabi Fund for Development, one of the UAE’s leading financial entities, continued to advance its sustainable development agenda within the country and abroad through clean-energy initiatives. In 2021, approximately $50 million is earmarked with an aim to deliver renewable energy projects across 16 Caribbean Island nations. Source
New Fortress Energy to acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in a $5 Billion transaction
January 13, 2021
New Fortress Energy announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. in Brazil for a combined $5 billion. NFE will become the leading gas-to-power company in Brazil, adding 2700MW of power generation operational or in development and robust customer pipeline in the South American country’s rapidly growing natural gas and […]