The dry wind and unrelenting sun left one uncomfortably exposed. The wafer thin air challenged every breath and made each step feel like my legs were encased in lead. Yet the journey into this Martian landscape disturbed by volcanoes in Chile’s Atacama Desert was well-worth it. South America’s first, and the highest of its kind at 4500 meters above sea level, the Cerro … [Read more...] about Pioneering climate fund shows us what real transformations can look like
The case was promising right from the start. In 2016, the project came knocking at IDB Invest’s door: a Chilean company in the field of telecommunications and information technology offered a solution to provide sustainable public lighting working inclusively. Could it also be profitable? * … [Read more...] about Chile: Sustainably lighting up people’s lives
Historically, Latin America has invested 2% to 3% of regional gross domestic product (GDP) per year in infrastructure, even though it should reach at least 5% to meet the region’s needs. This difference creates a gap so large that can only be reduced with both private and public investments participation. What progress has been made to close this gap? Colombia and Chile are … [Read more...] about New ways to increase infrastructure investment
Recently The New York Times highlighted Chile’s energy transformation. The profile told the story of Chile’s clean energy market revolution. However, missing from the story was one key component that facilitated Chile’s sustainable energy surge: donor funds. Donor funds supported by governments can lower cost and risk barriers, which limit financing for renewable energy … [Read more...] about What powers Chile’s energy transformation?
71% of the millennials in the United States would rather go to the dentist than listen to what banks are saying, according to the Millennial Disruption Index, while 35% of the banks in Latin America feel they are not meeting the needs of this generation, and 71% admit they are unable to rapidly adapt to technological advances, according to a study done by the GMix program of … [Read more...] about Three ways banks can attract millennials