[November 19-23] Top 5 climate change and sustainability news of the week
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Check out the top 5 climate change and sustainability news stories of the week!
The week of November 19-23 brought important news on climate change and sustainability issues, such as the regulatory modification that will promote the use of renewable energies, the publication of a directory of alternatives to single-use plastic and the first green loan in Peru and South America.
News summary:
This week the Ministry of Energy and Mines (MEM) published the draft supreme decree to achieve the recognition of the firm power of non-conventional renewable energy plants (RER). This recognition would allow power generators to sign energy sale contracts without having to go through the spot market, which currently has depressed prices. The modification applies to wind and solar photovoltaic plants and is aimed at expanding the national energy matrix through renewable energy resources. Source: Semana Económica. See note.
As part of its #MMásVidaMenosPlástico campaign to reduce the consumption of single-use plastics, the Ministry of the Environment has prepared a directory of companies that offer ecological alternatives to plastic. You can find suppliers of products made from natural fibers, starch, corn starch, sugar cane bagasse, biodegradable and compostable materials, among others. Source: MINAM. See note.
BBVA Continental signed this week with the company Ferreycorp the first corporate green bilateral loan in Peru and South America for an amount of 70 million dollars. The purpose of this loan is to promote environmental sustainability and is qualified by the external agency Vigeo Eiris, which certifies through the award of a green certificate that the instrument meets the necessary environmental criteria and is in line with the Green Bond Principles. Source: Ferreycorp. See note.
- CADE Executives 2018
The country's most important business forum will focus on integrity, sustainability and competitiveness in Peru. The announced program will include the topic of sustainability as a competitive advantage in business, sustainable cities and the presentation of national and international success stories. It will be attended by important government representatives and the country's most prominent businessmen. Source: Diario Gestión. See note.
José Adolfo Quisocala Condori, a 13-year-old boy from Arequipa, received the 2018 Children's Climate Prize in Stockholm. José won thanks to a venture he founded when he was 7 years old: the Bartselana Student Bank. His business consists of children depositing solid waste in the bank that is sold to a paper mill and the money from the sale is then deposited in the child's account but can only be withdrawn when the child meets his or her savings goal. The jury found the project to be a brilliant way of linking economics and climate impact. Source: Andina. See note.
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