We often hear that the fight against climate change is one of the most urgent priorities for the region. But consider the case of Ecuador. The country is going through fiscal and social difficulties. Can countries like Ecuador attend all three fiscal, social and environmental priorities at once? While it is not an easy task, a recent IDB study suggests that carefully replacing … [Read more...] about Energy subsidy reform in Ecuador could yield social, fiscal and climate benefits
Chile issued the first sovereign green bond of the American Continent on June 17th and marked a turning point for the Latin American region. With a USD 1.4 bn at 3.5% interest rate and dollar-denominated, the bond was overwhelmingly received by international investors and ground-breaking in several ways. More than 300 investors expressed interest for the transaction at an order … [Read more...] about Sovereign Green Bonds: 4 reasons to pay attention in LAC
This post was originally published by Apolitical. France recorded its highest ever temperature (45.9°C) this summer, while India has had to endure one of the longest heat waves in recent history. Meanwhile, firefighters in Spain have been working around the clock to bring wildfires under control, in a struggle reminiscent of Chile’s earlier this year. With the impacts … [Read more...] about 5 steps towards sustainable and green finance
The Paris Agreement requires concrete action that is increasingly urgent and far-reaching, and this transformation requires significant financial investments by governments, businesses, and civil society. A group of multilateral development banks (MDBs) has just published its annual report on climate finance which provides details on US$43 billion of approvals in for developing … [Read more...] about What can we do with 43 billion dollars to face the climate crisis?
Finding suitable land to build social infrastructure is a great challenge. Budgets are usually very limited; there are few available lands and often they have legal problems or debts, lack of public services or require additional work besides those of the project itself. In many countries, through intergovernmental agreements, donated land is accepted, which seems to be the … [Read more...] about If zero risk does not exist, how to select safe lands?