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Lima, 8 October 2015 - A new UNEP report released at the International Monetary Fund (IMF)/World Bank Annual Meetings shows how to harness the assets of the world's financial system for sustainability - the key findings are that:

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

Introducing a global carbon price “corridor” is one of ten recommendations put forward by a commission assembled by French President Francois Hollande and tasked with advising the government – hosts of this year’s high-level climate summit – on how to scale-up international climate funding at the talks from both public and private sectors.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

Time To Focus On Climate Finance

Thursday, January 7, 2016

The G20 meeting in Turkey comes just weeks before the world meets in Paris to ink a new universal climate agreement. Crucial to that success and to fostering the current and future ambitions of countries will be finance – and, more specifically, support from developed countries to the aspirations of developing ones.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

The carbon market is fueling a shift to clean cookstoves in developing countries, saving lives and reducing costs to cash-strapped households.
Carbon finance is now the top source of funding for cookstoves, making up 36% of all reported finance compared to government grants at 25%, according to the Global Alliance for Clean Cookstoves (report).

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

Lima, August 26.- The Lima Climate Finance Week was opened today with an outstanding panel: The former Mexican President, Felipe Calderon, the Peruvian Minister of Economy and Finance, Luis Miguel Castilla, and the Peruvian Minister of the Environment and President of COP20, Manuel Pulgar Vidal. The three of them agreed that climate change is not incompatible with economic development; on the contrary it is a cross-cutting and relevant issue, the Ministry of the Environment said in a press release.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

Climate Financing Momentum Builds

Thursday, January 7, 2016

7/10/2015 - Public and private finance mobilised by developed countries for climate action in developing countries reached USD 62 billion in 2014, up from USD 52 billion in 2013 and making an average of USD 57 billion annually over the 2013-14 period, according to a new OECD study in collaboration with Climate Policy Initiative (CPI).Read More
Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

This week, the UNFCCC’s Standing Committee on Finance published a major report detailing the billions of dollars of climate finance flowing across the globe. One of the conclusions of the report is that public support from developed to developing countries constitutes a relatively small component of overall flows.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

Climate change presents serious and growing risks to the global economic system, with a number of recent studies showing the impact that climate change is already having on livelihoods and business models. For example, extreme weather, which can be exacerbated by climate change, caused economic losses of US$2.6 trillion from 1980 to 2012.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

Lima Hosts Climate Finance Week

Wednesday, January 6, 2016

On August 26 to 29, Peru hosts the Lima Climate Finance Week.  Here government representatives, UN officials, practitioners, private sector and non-state actors will share experiences in order to increase understanding of key climate finance issues towards the COP 20/CMP 10 to be held in the South American country at the end of this year.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

CHICAGO, ILLINOIS--(Marketwired - Dec. 16, 2015) - BMO Harris Bank announced today that it is increasing its US$ prime lending rate from 3.25 percent to 3.50 percent, effective December 17, 2015.

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Posted in Smart money and Eco entrepreneurs By Hugo Hernandez

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