Sustainable finance continues to expand in Latin America, as governments and companies take advantage of growing interest among investors in instruments that protect biodiversity and respond to the climate crisis. In 2020, more than US$16 billion
of green, social and sustainable bonds were issued in the region.
After more than 20 years
of negotiations, the World Trade Organization (WTO) has moved a step closer to an agreement on ending harmful fishing subsidies. The deal would set new rules for the global fishing industry and limit government funding that contributes to unsustainable fishing and the depletion of global fish stocks.
Latin America is investing too little in a green recovery from the Covid-19 pandemic, with only 2.2% of the region's stimulus funds spent on environmentally sustainable projects last year, according to a new platform
developed by Oxford University and the UN.
As the world’s leading economies direct trillions of dollars towards Covid-19 recovery packages, a significant proportion is going to fossil fuel industries without climate stipulations, according to the 2020 edition of the Climate Transparency Report
– which has assessed the climate performance of G20 countries.