Brazil

The World Bank has provided a US$150 million loan to support Chile’s green hydrogen industry, recognizing the country as a leader in clean energy and a potential model for other developing Latin American economies.Chile has implemented regulations to certify the origin of its products, enabling access to European markets and offering a blueprint for other nations.Carlos Felipe Jaramillo, Vice President for Latin America and the Caribbean at the World Bank, sees Chile as having exceptional qualities for developing a competitive green hydrogen industry.World Bank supports Chile’s green hydrogen industry with US$150 million loan.

(Photo Internet reproduction)The loan, executed by the Chilean Economic Development Agency (Corfo), aims to mitigate investment risks and promote early-stage green hydrogen projects.Stephanie Gil, responsible for energy sector participation in Latin America and the Caribbean at the World Bank, emphasizes the need for regulations, international certifications, and innovative financing mechanisms.The World Bank plans to collaborate with other multilateral agencies and the private sector to leverage support.Chilean Finance Minister Mario Marcel highlights the country’s competitive advantage in green hydrogen.The World Bank intends to share Chile’s experience with other governments, including Morocco and India, which have shown interest in becoming leaders in the sector.The World Bank believes that green hydrogen will accelerate the energy transition by enabling long-term storage and integrating more renewable energy.With its decarbonized regions and expertise in exporting raw materials, Latin America has an advantage.The World Bank’s priority is ensuring investments generate local wealth and it has established the Hydrogen for Development Partnership (H4D) to facilitate knowledge exchange.Chile estimates the green hydrogen industry could attract US$330 billion in investments and generate US$30 billion in annual exports by 2050.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm


STRIPE


Oil's Slip Amidst Market Vigilance


Ibovespa Dips Slightly in Varied News Climate


European Stocks Rise, Frankfurt Hits New High; Repsol Gains After JV Deal


$11 Billion Bet Against Crypto May Cause Squeeze


Senegal Embraces New Era with Faye's Presidency


Oil Prices Rise Amid Weakening Dollar and Escalating Russia-Ukraine Tensions


European Markets Close Mixed Amid Record Highs in Frankfurt


Dollar Closes Lower at R$ 4.97 After Touching R$ 5


Ibovespa Dips Below 127,000 Amid Varied Results


A.I. and Cleantech Drive Historic Electricity Surge


Wall Street Indices Hit New Highs After Fed Decision and Powell's Remarks


[Brazil] - Ibovespa Surges as United States Rate Cut Expectations Grow


[Brazil] - Dollar Falls Below R$ 5 as Fed Holds Rates


[Brazil] - Bitcoin Rebounds Alongside Wall Street, Trimming Weekly Losses


Argentina Faces Economic Dip in 2023, Aims for Recovery


[Brazil] - Chilean Peso: Standout Volatility in a Stabilizing Latin America


Fed Keeps Rates Steady, Foresees Hike in Future





70