ESG Intelligence & Analysis - The Caribbean and beyond
Covid-19 Recovery Roadmap
Small island nations like the Bahamas that rely heavily on tourism revenue have experienced particular challenges when it comes to their post-pandemic recovery. However, development strategies based on sustainable approaches – including green, blue and orange economy initiatives – have the potential to generate reliable sources of revenue and value addition in the years ahead. Tourism will continue to be the Bahamas’ leading economic sector, but with support from international financial institutions and banks...
Economic Update
The global tourism industry – which accounted for 10% of GDP yet 8% of global emissions in 2019 – is faced with the challenge of ensuring continued growth while at the same time working towards net-zero emissions goals. Several stakeholders in emerging markets and further afield offer useful case studies to understand what a decarbonised future for the industry could look like.
A report published in November last year by the World Travel & Tourism Council (WTTC), in collaboration with the UN...
Economic View
On the oil and gas industry’s transition to sustainability
Economic Update
The economic fallout of the Covid-19 pandemic has led to the establishment of a number of debt-relief and financing options for cash-strapped countries. But just how many emerging markets have benefitted from these initiatives?
Debt was already a big issue before the health crisis. According to the IMF, 36 of the 70 markets classified by the fund as being low income were either at high risk of, or already in, debt distress as of February 2020, prior to the declaration of a global pandemic...
Economic Update
As Latin America continues its economic recovery from Covid-19, countries in the region are increasingly looking towards the circular economy as a platform for sustainable future growth.
A counterpoint to the “take, make and throw away” linear model, the circular economy denotes an economic system in which products and materials are kept in circulation for as long as possible. In designing things to be as durable, reusable and recyclable as possible, the model places a high importance on...
