Turbulence in biofuels, according to the author, is no stranger to the international crisis and requires to lay the foundation to diversify the energy matrix, to grow in a rational manner, at sustained long-term rates, and without damaging the environment.

About a year ago, the nominal prices of soybeans, corn and wheat on international markets reach historic highs of USD600, USD300 and USD500 per tonne and the cost of food derived from these primary products increased at a staggering pace. At the same time, the barrel of crude oil was breaking historic threshold reaching USD149.-. This significant event took countless analysts to predict a world with crude oil at USD 200 a barrel. Leer más »

President Barack Obama waves when arriving for a visit to Trinity Structural Towers in Newton, Iowa, on Wednesday April 22 of 2009. In that state, Obama promoted his energy plan saying that it will create employments and favor the environment (AP Photo/Gerald Herbert).

When celebrating Earth Day, President Barack Obama proposed on Wednesday “new era of energy exploration in America”” and he sustained that his proposal will help both the economy and the environment.Â

“The nation that leads the world in creating new energy sources will be the nation that leads the 21st century global economy,” Obama said in Iowa, the state that impelled him to the White House. “America can be that nation. America must be that nation.” Leer más »

The bond issue responds to growing interest from investors, who wish to support climate change-related projects in developing countries.

The green bonds will support the Bank’s climate action projects (both mitigation and adaptation).

The bond is an example of innovation the Bank is trying to encourage to stimulate public and private-sector financing for climate action

The World Bank recently launched its first “green bonds” designed to raise additional funding for projects or programs that support low-carbon activities in client countries. Leer más »