An estimated USD54.3 mill. from the Clean Technology Fund (both from the investment plan and from the Dedicated Private Sector Program, DPSP) will be channeled to a Facility designed to lower risks of geothermal exploration and encourage investment. With the contribution of the Mexican Government and the IDB, an estimated conservative number of 9 projects could be … [Read more...] about Risk reduction for geothermal projects will spur investment in renewable energy
Energy-efficient technology helps firms to compete and reduce GHG emissions
The CTF – IDB Group Energy Program is supporting the ability of local financial intermediaries (LFIs) in Mexico to provide financing products and services for energy efficiency. by . The investments will help improve the competitiveness of Mexico’s economy, reduce the country’s vulnerability to volatile fossil fuel prices, and mitigate CO2 emissions. Technologies that could … [Read more...] about Energy-efficient technology helps firms to compete and reduce GHG emissions
Confessions of a tree-hugger
I have a confession to make. I, Andrea Sabelli, lifelong environmentalist and “tree-hugger” have never - or I should say had never - planted a single tree. I dedicated my whole graduate thesis to agroforestry and reforestation practices in the Amazon Basin, spent three years working on climate change vulnerability in the Latin America and the Caribbean and promoted … [Read more...] about Confessions of a tree-hugger
Seven reasons to celebrate world oceans day
On June 8, we celebrate World Oceans Day. Here are seven economic and environmental reasons you too should celebrate and think about conserving the oceans and coral reefs in our region: More than three-quarters of the surface of the earth are covered by oceans. They are home to an immense biological wealth: about 200,000 species identified, although it is estimated … [Read more...] about Seven reasons to celebrate world oceans day
Six reasons to smile on world environment day
Despite the estimated 1.5 billion tons of carbon released every year by tropical deforestation. Or that the current CO2 concentration in the atmosphere has reached the highest level in at least 650,000 years. It is world environment day and I’m smiling. Despite the fact that world deforestation contributes directly to about 20% of our current greenhouse gas emissions and CO2 … [Read more...] about Six reasons to smile on world environment day