Most international coverage of Panama’s drought focuses on shipping delays through the Panama Canal. Locals are more worried about its impact on potable water. More worrying is the fact that Panama is not the only Latin American country currently facing water scarcity. To the contrary, the entire region is in the grips of a dry spell.
Nobody can blame Mexican President Andres Manuel Lopez Obrador for how quickly Tropical Storm Otis grew into the hurricane that devastated Acapulco on Oct. 25. But AMLO’s failure in responding to the aftermath of Hurricane Otis’ landfall is the logical culmination of key policies that define his term in office.
The surge in investor demand for “green finance” is good news for the environment, representing a potential reservoir of urgently needed funds to stabilize the climate. But is green finance really the answer? Possibly, but not without substantial reform and regulation, starting with a clearer definition of what it is—and isn’t.
