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Added on the 07/06/2019 07:17:43 - Copyright : Wochit
Washington, Apr 27 (EFE).- Green bonds are a financial instrument that has great potential for Latin America and the Caribbean as the region faces enormous financing needs to adapt to climate change, which makes it essential to improve transparency to attract investors, the Inter-American Development Bank (IDB) said Tuesday.The bank and its private-sector arm, IDB Invest, launched the Green Bond Transparency Platform to promote the harmonization and standardization of green bonds by providing information on their performance, impact and methodologies in the region."Investors need to know if these bonds are having an impact on the fight against climate change," Juan Antonio Ketterer, Head of the IDB's Connectivity, Markets and Finance Division, said during the online presentation of the new digital tool.Latin America and the Caribbean made up only 2 percent of last year's record $1.1 trillion issuance of green bonds worldwide.Yet the region has seen a total issuance of $24 billion and nearly half of that, $10 billion, has come since 2019."What transparency creates is a space to build confidence," Sean Kidney, CEO at Climate Bonds Initiative, a partner organization, said.Kidney said that green bonds are "a very simple idea, a debt instrument where you are promising that the proceeds will be used in a certain way," making initiatives such as the IDB platform important for giving investors peace of mind.The IDB Group has provided strong support to the region's green capital market over the last five years, backing more than 30 percent of issuances by volume, notably for Ecuador, Chile and Mexico.The crisis caused by the Covid-19 pandemic and the growing threat of climate change have increased investor appetite for this type of financial tool, which likewise offer an alternative to the difficult situation in public finance.The region's "governments are facing extraordinary fiscal headwinds and they can't possibly finance this transition on their own," IDB President Mauricio Claver-Carone said.Recent estimates suggest that emerging markets will need $20 trillion in investment by 2030 to address climate change challenges, of which governments will only be able to contribute 25 percent.Claver-Carone said that large global investment funds with ample capital are "eager" to participate."In the next five years, governments will have a historic opportunity to attract these investments if they provide the right incentives and clear rules. Trillions of dollars of private capital could flow into their countries to create jobs," the IDB president said. EFE lap/drSHOT LIST: SOUND BITES OF IDB PRESIDENT MAURICIO CLAVER-CARONE; IDB HEAD OF CONNECTIVITY, MARKETS AND FINANCE DIVISION JUAN ANTONIO KETTERER; CLIMATE BONDS INITIATIVE CEO SEAN KIDNEY; IDB INVEST CHIEF INVESTMENT OFFICER GEMA SACRISTAN; IDB CLIMATE CHANGE AND SUSTAINABLE DEVELOPMENT MANAGER JUAN PAUL BONILLA; AND IDB INSTITUTIONS FOR DEVELOPMENT MANAGER MOISES SCHWARTZ.Keywords: efe,idb,green,bonds,transparency,platform
Republican presidential candidate Donald Trump seized on a U.S. jobs report that showed the weakest hiring in more than five years, saying, "We're going to turn it around. We're going to make America great again." Rough Cut (no reporter narration).
In 2017, then-Governor of Wisconsin Scott Walker made great fanfare of the arrival of Apple's biggest supplier, Foxconn. Foxconn had agreed to build a facility to manufacture large-screen TV displays and create 13,000 jobs. In exchange, Wisconsin would offer an enticing series of tax breaks, totaling $4 billion. Now, Business Insider reports the Wisconsin Economic Development Corporation has rejected Foxconn's application for tax subsidies. Business Insider reports Foxconn had to have at least 520 people under employment by the end of 2019 to receive the subsidies. Foxconn claimed to have hired 550 people, but Wisconsin says only 281 of them met the qualifications listed in the contract.
Rome, Feb 23 (EFE) .- (Camera: Álvaro Padilla) The female employment rate is below 50% and 98% of the jobs lost in December were those of women: Italy has a serious equality problem and promoting women's access to the labour market, as Prime Minister Mario Draghi has said he intends to do, will be one of the great challenges for his government.FOOTAGE OF WOMEN WORKING IN ROME.SOUNDBITES AND TRANSLATIONS OF:Cristina:"If you start looking for work, it is difficult because normally they ask if you have children and when you have small children that go to school, it is impossible to find work. But if the company gives you the option of working from home, it is already an opportunity for women. But I think that in these times and with the confinement, we find ourselves in difficulty."Laura:"At this moment personally, fortunately, I do not have this difficulty. But in fact I have a friend who cannot find a job, it's difficult for her"."For women working from home it is more complicated because they have to manage work, home and children in the same environment, so I think it is more complicated. I think whoever has help is lucky and will surely use it, because it is more complex to do everything by yourself. On the one hand, it can be an advantage and on the other hand a disadvantage, especially if the children are young. If the child is older, it can be better managed and work from home, but if the child is small; you are working concentrated and the child is seeking attention. "
Inside Job INSIDE JOB has been nominated in the Documentary Feature category for the 83rd Academy Awards. 'Inside Job' is the first film to provide a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China. Narrated by Matt Damon.
Bucharest, Jul 30 (EFE/EPA).- (Camera: Robert Ghemet) Catalin Cenusa has gone from rescuing miners trapped below the ground of Romania’s coal belt to rescuing the region’s cultural heritage. Sporting the same orange jacket he used to wear for work, he guides a group of visitors around the Petrila mine, which closed in 2015 after more than a century and a half of activity. FOOTAGE OF MINES IN THE JUI VALLEY.SOUNDBITES OF:Dana Bates, from New Horizons (in English).Catalin Cenusa, Petrila mine curator:"This room was created as a meetings room and will a concerts and recreation space. In this room, miners were admonished when they did not do their jobs properly. After 2015 it became what we can see, after an ideea of Ion Barb to represent The Last Supper."Ion Barbu, artist"As someone who worked for a long time in the mine, I think of the exceptional architecture of the underground galleries, of which a few people knew.If this wonderful heritage could be taken out to the surface and we give it a post-modern touch we will have something amazing from a visual point of view.""And here comes the connection that can be made with the people who worked underground and is now on the surface, so the extraordinary things of the darkness can be brought to light."Felipe Silva, No Limits NGO:"We work with children in the resolution of problems. When a child is climbing a certain route he has to learn step by step how to get to the top. It is the same in life. We need to learn step by step to achieve what we want to achieva.""One of the kids has found a job at a climbing room in Bucharest, which gives us great satisfaction."
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