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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The US$ 700 million project is expected to produce some 10 million cubic meters of natural gas per day, representing 8% of Argentina’s total production France’s Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November. The US$ 700 million…
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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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Spotlight on Climate Change Environment at a Glance in Latin America and the Caribbean: Spotlight on climate change presents the progress made by countries in the region in reducing greenhouse gas emissions, improving air quality and protecting natural habitats. It describes the level of exposure to climate-related hazards and some of the main policy instruments…
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eyesonsuriname Mangroves are found in 123 nations and territories, but they represent less than 0.4% of the total of the world’s forested areas. 🌊They support biodiversity, promote food security, and hold cultural, recreational and spiritual value. Their complex structures protect our coasts from storm surges and erosion. And, they absorb chemical pollution and trap sediments in…
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Sept 13 (Reuters) – The South American forest nation of Suriname plans to become the first country to sell carbon credits under a system set up by the 2015 U.N. Paris Agreement to help curb climate change, an adviser on the sale told Reuters. The prospective sale is a bid to attract investors with government-backed…
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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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