The recent apocalyptic image of the ocean on fire in the Gulf of Mexico following a raptured gas pipeline was reminiscent of the Lord of the Rings. Yet the world’s reliance on fossil fuels and their disastrous impact on global warming and the environment is far from fantasy. The burning of coal, oil and gas is the dominant source of greenhouse gas emissions driving the … [Read more...] about Are Latin America’s fossil fuels at risk of becoming stranded assets this decade?
Peru has been severely hit by the pandemic and faces one of the deepest crises of the last 50 years. In addition to the highest mortality per person in the world, during 2020 the country suffered an economic impact equivalent to more than 20% of GDP (US$ 35.8 billion). Meanwhile, unprecedented heat waves in North America and floods in Europe remind us that another crisis … [Read more...] about Carbon neutrality could provide Peru with US$140 billion in net benefits
By 2030, decarbonisation could create 15 million net new jobs in Latin America and the Caribbean. That is the message delivered by the Inter-American Development Bank and the International Labour Organisation in a new report. The challenge is to manage losers and winners and ensure a just and inclusive transition. The pandemic has hit Latin America and the Caribbean hard, … [Read more...] about The path to net zero emissions can create millions of jobs in Latin America
Last week, the UN Secretary-General, António Guterres, announced that the central objective of the UN for 2021 will be to build a Global Coalition for Carbon Neutrality. He stated that he firmly believes that “2021 can be a new kind of leap year — the year of a quantum leap towards carbon neutrality”. With 110 countries having committed to carbon neutrality by 2050 there is … [Read more...] about 41 billion reasons why Costa Rica’s progress on decarbonization can inspire the world
Latin America has become a global hotspot of the pandemic. The social and economic pain it inflicts only adds to the impacts of the climate crisis. This hurricane season, for instance, is expected to hit the Americas with twice as many major hurricanes of Category 3 or higher than in typical years. By the end of this decade, heat waves alone could destroy the equivalent of 2.5 … [Read more...] about Can carbon pricing help Latin America and the Caribbean engage in a net-zero carbon future?