Climate Change Solutions Update

Tag: Paraguay

  • Money Trees: Paraguay’s Carbon Market Strategy Comes into Focus

    Paraguay is strategically positioning itself to capitalize on the global carbon market by developing a legal framework for carbon credit projects aligned with the Paris Agreement. The country's focus on compliance markets, leveraging renewable energy sources like the Itaipu Dam, gives it a competitive advantage in becoming a regional hub for carbon credit projects. Paraguay is exploring opportunities in clean energy initiatives such as hydroelectricity and green hydrogen, with agreements already in place with countries like Singapore, United Arab Emirates, and Taiwan. While concerns about inequality in land distribution and benefiting local communities exist, the government and private sector are working towards including all Paraguayans in accessing carbon markets, as highlighted in the upcoming Paraguay Carbon Forum set for March 2026 in Asunción.

    https://triplepundit.com/2026/paraguay-carbon-credit-compliance-market-article-6/

  • Renewables rising, Part 1: How four countries are reshaping energy security

    The disruption of oil and gas supplies in the Strait of Hormuz highlights the vulnerability of the global energy system tied to fossil fuels. UN Secretary-General emphasizes the importance of transitioning to renewables for energy security and economic resilience. Countries like Norway, Paraguay, Nepal, and Ethiopia are leading the way in renewable energy adoption, with a focus on hydropower and a gradual shift away from fossil fuels in various sectors. Renewables offer stable, domestic, and cheaper power, while also cutting emissions, reducing pollution, creating jobs, and lowering long-term costs. Nepal and Ethiopia are reducing their dependence on imported fossil fuels by focusing on hydropower, expanding rural electrification, and developing decentralized renewable systems to achieve universal electricity access and support economic development. Challenges in financing and infrastructure remain, but the transition to renewables is seen as unstoppable and beneficial for the future.

    https://news.un.org/en/story/2026/04/1167366