With the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with…
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In September, a group of 16 junior diplomats from South America arrived at the Clingendael Institute for a three-week diplomatic training programme. The course focused on strengthening their diplomatic skills, deepening their knowledge on relevant regional and international issues, and familiarising the diplomats with policies in the Netherlands and the EU. The training was divided…
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“Growth in China is projected to be 5.1% in 2023, faster than the 3.0% in 2022,” the World Bank said The World Bank cut its economic growth forecast for China for 2024, citing continued difficulties in the domestic market including the property crisis and a fading rebound from the re-opening this year. Slower Chinese gross…
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The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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September 25, 2023 Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$52 million), bringing total purchase to SDR 118.2 (about US$156 million).…
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Hope ( U.S. former president Barack Obama ) is everything ( repeated interview with H.E. Mr. Albert Ramdin ) eyesonsuriname Amsterdam, 26 Sept 2023–He’s two and a half hours late, but Albert Ramdin has good reason. From a hotel room in The Hague, the Surinamese Minister of Foreign Affairs was in a conference call with China…
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Caribbean Community (CARICOM) countries are on the frontlines of the impacts of climate change, the energy crisis, inflation, and food insecurity. Inflation has reached more than 6 percent, electricity costs for Caribbean citizens are double the average for US citizens, and climate change is expected to cost the region almost $22 billion annually by 2050.…
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Rethinking Integrity in the Voluntary Carbon Market Systemic flaws in the carbon market The VCM is riddled with a lack of transparency and robust quality standards. Various independent investigations have revealed that the market is flooded with low-quality credits with little to no impact on the climate. The Compensate Foundation has reached the same conclusion…
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Pivotal role eyesonsuriname Amsterdam, 14 september 2023 — Marciano Dasai, Minister of Spatial Planning and the Environment in Suriname, made it clear during a presentation at the Cabinet of the President that Suriname could become an important player in the short term and earn from carbon credits. Minister Dasai has pointed out that Suriname has…
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Long before jihadists destroyed the World Trade Centre, another September 11th had entered history as a dark day, especially for Latin America. On that date in 1973 Chile’s armed forces overthrew Salvador Allende, an elected Socialist president, and his chaotic, divided government. The coup was a national trauma and a continental shock. Augusto Pinochet, its leader, went…
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