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Latin America's Challenge of Financing Energy Recovery


A covid vaccination center in Mexico City. Given the economic impact of the pandemic in Latin America, mass immunization is considered the indispensable step to the recovery of productive activities. Credit: Emilio Godoy / IPS
MEXICO CITY, May 31 2021 (IPS) - Hit by the pandemic’s socioeconomic and health impacts, Latin America is facing the challenge of financing an economic recovery based on a sustainable energy sector and a transition to clean sources of energy.
Most of the region have embarked on disbursements to alleviate these consequences, but these resources seem to be insufficient and are aimed at rescuing the hydrocarbon industry, in spite of its environmental connotations. ....

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FACT SHEET: President Biden's Leaders Summit on Climate


On Day One, President Biden fulfilled his commitment to rejoin the Paris Agreement. Days later, he took executive actions to ensure we tackle the climate crisis at home and abroad – all while creating jobs and strengthening our economy. This week, he held a historic summit with 40 world leaders to show that America is back.
Over the course of two days and eight sessions, President Biden convened heads of state and government, as well as leaders and representatives from international organizations, businesses, subnational governments, and indigenous communities to rally the world in tackling the climate crisis, demonstrate the economic opportunities of the future, and affirm the need for unprecedented global cooperation and ambition to meet the moment. ....

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