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A Roadmap for Scaling Up Renewable Energy in Island Nations: Three Success Factors for the Eastern Caribbean’s Transition from Fossil Fuels
The Eastern Caribbean has struggled in recent years, as natural disasters – combined with the COVID-19 pandemic – have caused a precipitous drop in the tourism revenues it depends on. But as Pepukaye Bardouille at the IFC explains, transitioning to renewable energy could help address this challenge, reducing the region’s cost of electricity, supporting its climate resilience, limiting its dependence on imported fossil fuels, and producing jobs outside the tourism sector. She presents three success factors for achieving this transition – insights that could also be applicable to other island nations.
- Categories
- Energy, Environment, Investing
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Medical Tourism Startup Hospals Raises $3.5 Million from Inflection Point Ventures, 9unicorns, Wavemaker & Kunal Shah
Hospals, a cross border health benefits & travel platform that enables international patients to access healthcare across India, UAE, Turkey & Thailand, announced part raise of its Pre-Series A investment.
- Categories
- Health Care
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Global Environment Facility Provides $71 Million for Reforestation Program in Zimbabwe
The Global Environment Facility is providing just over $71 million to Zimbabwe. The funding from the 7th replenishment of the GEF (GEF-7) is for land restoration and reforestation programs in Zimbabwe.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- climate, climate change, environment, funding, tourism
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UN: Pandemic-fueled Collapse of Tourism Cost Five Asian Nations 1.6 Million Jobs
Almost one-third of job losses in the Philippines, Vietnam, Thailand, Brunei and Mongolia was in tourism, report says
- Categories
- Coronavirus
- Region
- South Asia
- Tags
- coronavirus, economic, employment, jobs, pandemics, sustainability, tourism
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Report: COVID-19 Travel Restrictions Had a Surprising Effect on Medical Tourism From Africa
Fewer trips to India and other “medical tourism” destinations by Africa’s middle class is one anticipated result of a surge of investment into medical facilities.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
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Malawi $1 Billion Energy Deal To Boost Economy
Malawi is open for business: The East African country is pursuing various investment and trade deals to help boost their economy and in line with this have signed a $1 billion deal with Egyptian multinational electrical company, Elsewedy Electric.
- Region
- Sub-Saharan Africa
- Tags
- electricity, energy access, funding, manufacturing, tourism, trade
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Businesses Working With Slavery Survivors in India Seek Ways To Offset COVID
A trafficking survivor, 35-year-old Chalwadi has been looking for new clients since businesses started reopening as India gradually exited from a 11-week COVID-19 total lockdown, with many restrictions still in place across the country.
- Categories
- Coronavirus, Entrepreneurship
- Region
- Asia Pacific
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Analysis: COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond
The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet, conventional policies are reaching their limit and unorthodox policies are not without risks.
- Categories
- Coronavirus, Finance
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