CREF Market News - Page 25 of 90

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 […]
The Caribbean Sea faces dual threat of climate change and overfishing
June 15, 2021
The Caribbean Sea’s blue economy, touted as a sustainable solution to the region’s concerns, could be the Caribbean’s last hope. Global Voices produced an analysis of the region’s marine environment faces a long list of challenges. 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 […]
MPC Caribbean Clean Energy buys 33.4MW solar park in Dominican Republic
June 6, 2021
The purchase, which was made on Tuesday, June 1, is expected to be completed by the third quarter of 2021. This is the second solar plant that MPC Caribbean Clean Energy has purchased since the start of the year. Earlier this year, the renewable energy company, which is cross-listed on the Jamaican and Trinidad and […]
Private company takes over Puerto Rico power utility service
June 2, 2021
Luma Energy, a private company, has taken over Puerto Rico’s power authority. The takeover under a 15-year contract coincided with the beginning of the Atlantic hurricane season, with many across Puerto Rico worried about the transition and whether the new company can handle a severe storm. The U.S. territory is still struggling to recover from […]
BMR Energy starts construction of Costa Rica solar facility
May 21, 2021
BMR Energy, a developer, owner, and operator of clean energy projects in the Caribbean and Latin America, announced today it has started construction on its newest solar photovoltaic project, the Valle Escondido solar facility located in the municipality of Bagaces, province of Guanacaste, Costa Rica. The Virgin Group company will own and operate the long-planned […]
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 […]
Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns
May 8, 2021
The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. Source
Leaders Summit showcases clean energy commitments to tackle climate crisis
May 5, 2021
Following the United States return to the Paris Climate Agreement, the Leaders Summit on Climate reconvened 17 members are responsible for approximately 80% of global emissions and global GDP. The US presented its goal of reducing emissions by 50-52% by 2030 compared to 2005 levels, which is also reflected in the nationally determined contribution the […]