Progress on Climate Finance

March 19, 2015 By Luis Fierro - 0 Comments

By Luis Fierro Carrión, Climate Finance Advisor for AILAC (*) In recent months, there has been ​​significant progress on the issue of funding for mitigation and adaptation to climate change; but much remains to be done to cover the financing needs of developing countries, which exceed $ 500 billion per year. Green Climate Fund After Germany pledged to provide 750 million euro to the Green Climate Fund (GCF) during the Petersberg Dialogue in July 2014, during the ...

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How are oil exporting countries facting the falling price of oil

March 19, 2015 By Luis Fierro - 0 Comments

By Luis Fierro Carrión (*) (A Spanish version of this article was written for the February 2015 edition of Revista Gestión, Ecuador). The international price of crude oil has dropped by 50% between June 2014 and February 2015 (the benchmark West Texas Intermediate - WTI - has dropped from $ 105 US dollars per barrel to $ 50, while the Brent fell from $ 115 per barrel in June to $ 61 in February). http://www.nasdaq.com/markets/crude-oil.aspx?timeframe ...

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