Since 2016, the Inter-American Development Bank (IDB) has been working to promote better mining sector governance through its Canadian Extractive Sector Facility (CANEF), a trust fund financed by Global Affairs Canada. This project closed operations in 2022, after channeling CAD 20 million towards various initiatives aimed at enhancing and fostering accountability, gender … [Read more...] about Better lives, better climate: Latin America and its minerals
Bringing together the Caribbean through Energy
Accelerating private investment for a secure, resilient, and low carbon energy future through the Caribbean Regional Energy Policy Dialogue 2023 Energy services are key for improving lives across the Caribbean. The region experiences some of the highest electricity costs globally due to their heavy reliance on imported fossil fuels for power generation, thus impacting their … [Read more...] about Bringing together the Caribbean through Energy
Moving Forward with Energy: 5 reflections on our work in 2022
In a year marked by volatility in world energy markets, at the IDB we focus our support on low-carbon, fair and inclusive energy transitions in the region. We also continue to show that this transition to clean energy sources is compatible with energy security. We explain in this blog the four areas of progress of our work in Energy in 2022. 1. Thanks to our partners in the … [Read more...] about Moving Forward with Energy: 5 reflections on our work in 2022
A nature-based asset in action: Transforming Guyana with renewables
With over 11 billion barrels of oil reserves (one of the highest levels per capita in the world) and GDP growth rates and fiscal revenues rising tremendously over time, Guyana, as a new oil producer, is at the threshold of a new era. At the same time, the Government of Guyana is embarking on a cleaner transformation for domestic electricity generation, taking advantage of its … [Read more...] about A nature-based asset in action: Transforming Guyana with renewables
Five things you should know about the green energy transition in Latin America and the Caribbean
During COP27, countries reaffirmed their 2016 Paris Agreement commitments, as most global institutions agree that countries must shift away from coal, oil, and gas and towards cleaner sources of energy. These sources include constantly improving technologies such as wind and solar. They also include nascent industries like hydrogen. In Latin America and the Caribbean (LAC), … [Read more...] about Five things you should know about the green energy transition in Latin America and the Caribbean