MIGA, Brazil-based bank offer up to $700 mln in guarantees for sustainable projects
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) and Banco do Brasil are partnering on a trade finance guarantee programme of up to $700 million to support sustainable projects and smaller businesses in Brazil.
Read MoreLATAM Roundup: Country-led climate planning coexists uneasily with UN multilateralism
Last week saw Brazil tout national sovereignty, both through controversial domestic climate policy moves and non-UNFCCC international advocacy, while the country’s COP30 presidency continued to push for coordinated collective action.
Read MoreSB62: Brazil COP30 presidency urges implementation in push against negotiations overload
Countries don’t necessarily need more negotiations to act, the Brazilian COP30 presidency said during a press conference at the Bonn intersessional climate talks, pushing parties to implement their prior climate commitments in its latest letter to the public.
Read MorePrivate equity firm invests in expansion of ARR project in Peru
A UK- and US-based financial services firm announced Thursday an investment into the expansion of a sustainable cocoa and coffee project in the Peruvian Amazon buffer zone.
Read MoreBrazilian government to present ETS implementation plan by end of July
The Brazilian government plans to present the implementation plan for the national ETS (Portuguese: SBCE) by the end of July, according to an official from the Ministry of Finance.
Read MoreSurvey finds global public backs carbon pricing, wealth redistribution to fight climate change and inequality
A majority of people across 20 countries support international policies to combat climate change and inequality, including a global tax on millionaires and a global carbon pricing scheme to fund a worldwide basic income, a major survey has found.
Read MoreBrazilian development agency, bank sign MoU to explore carbon credits
Brazil’s regional development ministry and a national bank signed Wednesday a memorandum of understanding (MoU) to explore and start technical training for the generation nature-based solution (NbS) carbon credits.
Read MoreBRIEFING: Brazilian regulator, industry experts seek flexible, modern CCS implementation
The success of implementing carbon capture and storage (CCS) in Brazil depends on regulation that is flexible and modern rather than prescriptive, experts and regulators agreed on Thursday at a conference in Rio de Janeiro.
Read MoreBrazilian state of Acre to channel 72% of J-REDD proceeds to communities
The state of Acre in Brazil has agreed a new benefit-sharing plan for its ISA Carbon Programme that will see 72% of jurisdictional REDD+ (J-REDD) proceeds channelled directly to various Indigenous and local community blocs.
Read MoreINTERVIEW: UK supports biodiversity credit pilots, national registry in Peru
The British Embassy in Lima is supporting two pilot projects to test biodiversity credit mechanisms and a national project registry in Peru as part of its broader agenda to promote green finance and reduce deforestation in the Amazon basin.
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