Remittances that support millions of households in Latin America and the Caribbean have plunged as family members lose jobs and income in their host countries, with entire families sliding back into poverty, as a result of the COVID-19 health crisis and global economic recession.
The Inter-American Development Bank (IDB) is in the process of modernising the social and environmental safeguards that govern the financing of projects considered vital for the construction of sustainable infrastructure in the Latin American region.
Energy poverty afflicts millions of homes in Mexico, with many social, economic and environmental impacts for the country.
Barbados and its Caribbean neighbours are continuing to press ahead with their climate change agenda and push the concept of renewable energy despite the new position taken by the United States.
“We as mayors have to govern midsize cities as if they were capital cities,” said Héctor Mantilla, city councilor of Floridablanca, the third-largest city in the northern Colombian department of Santander.
Chile, a country with 6,435 km of Pacific Ocean coast line, could find in wave and tidal power a solution to its need to diversify its energy mix.
A soybean processing plant, Angostura Agroindustrial Complex SA (CAIASA), that does not use fossil fuels and generates practically no waste products from soy reflects Paraguay’s growing industrialization.
The region of Cuyo in west-central Argentina is famous for its vineyards. But it is one of the areas in the country hit hardest by the effects of climate change, such as desertification and the melting of mountain top snow. And local winegrowers have come up with their own way to fight global warming.
The Mexican government has increasingly turned to public–private partnerships (PPPs) to build infrastructure in the energy industry and other areas. But critics say this system operates under a cloak of opacity and is plagued by the discretional use of funds.
The OPEC Fund for International Development (OFID) has agreed to give the United Nations Industrial Development Organization (UNIDO) a grant in support of a project aimed at improving the productivity and competitiveness of the shrimp value chain in the Latin America and Caribbean (LAC) region.