Multilateral Development Bank - New Energy Events

How blue bonds promise to boost Latin America’s economy
November 18, 2021
Announced during the UN climate summit in Glasgow, the recent issuance of Latin America’s first blue bond could be a major milestone. The region stands to benefit from this nascent financial mechanism aimed at protecting water sources and creating opportunities for populations living near them. The fixed-rate bond issued by the Inter-American Development Bank (IDB) […]
State of Charge Report: Energy Storage in Latin America and the Caribbean
May 26, 2021
Energy storage is a class of technologies that is diverse, complex, and rapidly evolving. Policymakers in Latin America and the Caribbean (LAC) will need to acquire a strong grasp of the technical characteristics and benefits of these technologies, the services they can provide, and the most relevant regional and power market applications for each technology, […]
Dominican Republic signs agreement with World Bank to curb carbon emissions and reduce deforestation
May 17, 2021
The Dominican Republic’s Ministry of Finance and Ministry of Environment and Natural Resources signed a landmark agreement today with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking payments of up to US$25 million for verified carbon emission reductions between now and 2025 through the country’s emissions reduction program. Source
‘Significant potential’ in Latin America for pumped hydro energy storage
May 8, 2021
Pumped hydro energy storage (PHS) holds significant potential for Latin America and the Caribbean (LAC) due to the region’s vast hydroelectric infrastructure, according to a new IDB study. Source
REOI for development of a Caribbean Blended Finance for Resilience Fund (CBFR)
April 28, 2021
The Caribbean Climate Smart Accelerator (CCSA) has applied for financing from the Caribbean Development Bank (CDB) towards the cost of Consultancy Services for Development of a Caribbean Blended Finance for Resilience Fund and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is […]
Latin American policymakers commit to hydrogen at inaugural H2LAC

From our Editorial Team
April 15, 2021
Hydrogen has the potential to change the face of Latin America and the Caribbean for generations to come, transforming its economies and decarbonizing its industries. As we kicked off the first annual Hydrogen Congress for Latin America and the Caribbean (H2LAC), we convened a panel of policymakers to gauge their vision and understand their approach. […]
Study of Caribbean energy consumption underway
April 9, 2021
A new study by the Inter-American Development Bank (IDB) provides an analysis of the evolution of energy consumption and expenditures in Latin America and the Caribbean (LAC), composition by energy source. The study by the Washington-based financial institution says that energy services represent the second most important expense in household budgets in LAC, surpassed only […]
Can we revitalize Caribbean economies through investment in infrastructure?

From our Editorial Team
March 17, 2021
The arrival of COVID-19 on Caribbean shores threatened to unleash a double-digit recession in a region dependent on air, sea and land transport to connect and grow its economies. After all, the travel and tourism sector contributed nearly US$59 billion to the Caribbean’s gross domestic product in 2019. Over the course of a recent discussion […]
Prioritizing the role of women in building clean and decarbonized economies across Latin America and the Caribbean

From our Editorial Team
March 3, 2021
Why women working in the energy sector will play a vital role in LAC’s economic recovery Even before COVID-19, the promise of full gender equality remained unfulfilled in Latin America and the Caribbean despite the fact that women in the labor force improves competitiveness. By one analysis from McKinsey & Company, published prior to the […]