The Beginning The idea of an insurance-based model that would help drive investments in energy-efficient systems by Small and Medium-sized businesses (SMEs) first germinated in Latin America. BASE shaped it into the Energy Savings Insurance (ESI) model and set it into motion with the Inter-American Development Bank (IDB) in Colombia and Mexico. After raising interest … Continued
Concept BASE and Oxfam in the Pacific led a feasibility study with funding from Convergence Blended Finance to determine the viability of implementing a finance vehicle that enables remittance senders living in Australia and New Zealand to contribute towards strengthening climate resilient infrastructure for their families and communities in Pacific Island Countries. While contributing very … Continued
BASE is partnering with the Energy Engineering Company Société d’Ingénierie Énergétique (SIE), Morocco’s super ESCO, to expand the benefits of its flagship Energy Savings Insurance (ESI) model to the Moroccan market. BASE was engaged in the project by the Climate Emergency Collaboration Group (CECG) to offer its expertise with the development and implementation of ESI and bolster … Continued
With the growth in the global demand for food, farmers are picking up data-driven tools in tandem with their traditional farming equipment to increase their future yields and profits. Despite the increasing availability of data to help farmers optimise resource management, reduce waste, and improve sales, the rising tide of information has not adequately influenced … Continued
On the evening of January 15, the Kingdom of Tonga witnessed the violent eruption of the underwater Hunga Tonga-Hunga Ha’apai volcano, sending shockwaves and tsunamis across the Pacific and beyond. Within a few hours, the South Pacific archipelago was blanketed by a thick layer of smoke and ash. Entire towns were left inundated by the … Continued
Today, Rwanda’s Ministry of Environment through the Rwanda Environment Management Authority (REMA) launches the Rwanda Cooling Initiative’s Green On-Wage (R-COOL GO) financing mechanism – through which the environmentally friendly refrigerators and air conditioners will be more widely accessible and affordable in Rwanda. Eligible salaried employees from the public and private sectors may request loans from participating banks … Continued
Our current economy is undergirded by the take-make-dispose principle, using the Earth’s resources faster than they can be replenished. Moving towards a circular economy facilitates a more conscious use of our finite resources by limiting waste and pollution generation, keeping resources in use in the economic system throughout the resources’ value chain, and by regenerating … Continued
Building on its two decades of experience in financial innovations to drive investments in sustainable energy, BASE expanded its mandate to include all climate change solutions in 2021. Since its founding in 2001, BASE and its diverse network of partners have engaged with different countries and sectors to accelerate progress towards universal access to clean, … Continued
As temperatures soar worldwide, vulnerable populations living in areas at the risk of facing the direct consequences of a warming planet continue to battle high energy costs and unmet demand for air conditioning and refrigeration. Deprived of viable alternatives, people are forced to rely on old, energy-draining equipment that uses ozone- harming refrigerants. Cooling technologies … Continued
Energy efficiency presents enormous investment and savings opportunities for businesses and households, with significant promise to reduce greenhouse gas emissions. Even as the environmental advantage of energy-efficient technologies becomes increasingly apparent, their uptake remains hamstrung by asymmetric market information and financial constraints. Suppliers with an informational advantage often lack the incentives or channels to relay … Continued