South America

IDB approves $300m loan for Costa Rica’s decarbonisation

The Inter-American Development Bank (IDB) will back Costa Rica’s National Decarbonisation Plan, which aims for net-zero emissions by 2050.

150 150 Trove Intelligence

Chilean carbon market takes slow walk into next phase

Political uncertainty are hindering efforts to overhaul Chile’s $5/t CO2 tax with offsetting provisions and a tradable market instrument.

150 150 Trove Intelligence

Petrobras signs first $1.25Bn sustainability loan

The credit line, struck with Bank of China, MUFG and Bank of Nova Scotia, is tied with the firm’s reduction targets in GHG intensity in E&P and refining.

150 150 Trove Intelligence

Brazil recognises Paris Agreement as human rights treaty

The Brazilian Supreme Court is the world’s first constitutional court to do so, a move which could inspire a global movement for other courts to follow.

150 150 Trove Intelligence

Colombia to ban production of new fossil fuels

Newly-elected President Gustavo Petro pledges to ban production, in move to make Colombia the largest fossil fuel producer to do so.

150 150 Trove Intelligence

Brazil to quicken carbon market launch

Brazil plans to issue a decree this month to create a carbon market, rather than wait for legislation to be approved in congress.

150 150 Trove Intelligence

Carbon credit stock exchange to launch in Rio

Rio de Janeiro is launching a stock exchange for carbon credits and sustainable assets and signed a protocol of intent with Nasdaq.

150 150 Trove Intelligence

Chile prices first sovereign sustainability bond

Chile has become the first sovereign to print a sustainability-linked bond (SLB).

150 150 Trove Intelligence

Indigenous Guatemalan demand sovereignty over oil

The case could set an international precedent for indigenous people to control resources on their land.

150 150 Trove Intelligence

Major Brazilian coal mine license suspended

The Federal Justice decision was granted as a response to a request from local Indigenous and environmental organizations.

150 150 Trove Intelligence

Brazil stops monitoring deforestation in Cerrado

The Brazilian government announced that it would stop monitoring deforestation in the Cerrado region.

150 150 Trove Intelligence

Chile rewrites constitution for climate change

The South American country of Chile is currently writing a new constitution to tackle a "climate and ecological emergency."

150 150 Trove Intelligence

Investors and food retailers failed to divest from Brazil over deforestation

Several European investment groups that last year threatened to divest from Brazil over soaring deforestation have not done so, even as new figures show the pace of destruction of the…

150 150 Trove Intelligence

Brazil’s Amazon deforestation surges to 15-year high, undercutting government pledge

Deforestation in Brazil's Amazon rainforest soared 22 per cent in a year to the highest level since 2006, undercutting President Jair Bolsonaro's assurances that the country is curbing illegal logging.

150 150 Trove Intelligence

Brazil’s banks to add climate change risks into stress tests

Brazil's central bank announced new rules making it mandatory for banks to incorporate climate change-related risks into stress tests, starting in July 2022.

150 150 Trove Intelligence

Brazil’s banks to add climate change risks into stress tests

Brazil's central bank announced new rules making it mandatory for banks to incorporate climate change-related risks into stress tests, starting in July 2022.

150 150 Trove Intelligence

Conservationists back indigenous peoples’ call to protect 80% of the Amazon by 2025

The world congress of the International Union for the Conservation of Nature overwhelmingly voted for a global pact to protect the Amazon.

150 150 Trove Intelligence

Denmark, Costa Rica call for Beyond Oil and Gas Alliance

The two countries are reportedly launching an alliance of nations that are committed to setting a date to phase out both fossil fuel production and use.

150 150 Trove Intelligence

ecosecurities and Hartree launch $1.5b restoration effort

Hartree Partners and ecosecurities announced an estimated $1.5b project to work with local farmers, landowners, associations, co-operatives, and NGOs in the Cono-Sur region of Latin America.

150 150 Trove Intelligence

Brazil to invest $4b in coal

The Mines and Energy Ministry has published a “programme for the sustainable use of national mineral coal”, which aims to leverage $3.9b in coal.

150 150 Trove Intelligence

Costa Rica to ban fuel extraction and exploration

Costa Rican officials will set out a bill this week that permanently prohibits fossil fuel exploration and extraction.

150 150 Trove Intelligence

Brazil central bank pressures banks to hew to greener line

Brazil's central bank is preparing to require banks to account for potential losses from climate change-related phenomena in stress tests.

150 150 Trove Intelligence

Offsets allegedly used in Colombia to avoid carbon taxes

According to Carbon Market Watch, large-scale forest protection schemes in the Colombian Amazon overstate their impact on preventing deforestation. 

150 150 Trove Intelligence

UK-India deepen work on climate change on the road to successful COP26

The UK and India agreed on a joint roadmap that includes new collaboration on clean energy transition and protecting forests, and joint leadership to develop resilient infrastructure in climate vulnerable…

150 150 Trove Intelligence
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