December 2022

Paying for Climate Change

Wednesday, December 21, 2022

How can developing countries foot the massive bill for climate action? As several Caribbean and Latin American leaders said at last month’s global climate conference in Egypt, the answer cannot be simply more debt.   One major problem: the cost of capital. Countries in the Global North typically borrow at interest rates of between 1% […]

Protecting the Amazon Region

Wednesday, December 21, 2022

At the recent global climate conference in Egypt, Colombian President Gustavo Petro called for renewed cooperation across the Americas to protect the Amazon and announced that his country would allocate $200 million annually for the next 20 years toward that effort.   “We are determined to revitalize the Amazon rainforest,” he said during a public […]