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CNN —Peru has lost 56% of its tropical glaciers in the last six decades due to climate change, according to a new government inventory released on Wednesday. Peru holds 68% of the world’s tropical glaciers and warming temperatures have led to melting and the creation of new mountain lagoons that risk overflowing and flooding, the National Institute of Research of Mountain Glaciers and Ecosystems said. “In four years, from 2016 to 2020 we have lost almost 6% of these high mountain glaciers,” Beatriz Fuentealba, the institute’s director, said from the Ancash region where many glaciers have disappeared. Almost 20 million Peruvians benefit directly or indirectly from the water that comes down from the glaciers, according to the report. “This means that we have lost more than half of our water reserves,” said Environment Minister Albina Ruiz, noting that glacial retreat is impacting the natural mountain ecosystem.
Persons: , Beatriz Fuentealba, Shepherdess Narcisa Cornelio, Nancy Condor, Mariana Bazo, , Jesus Gomez, Albina Ruiz Organizations: CNN, National Institute of Research, Ecosystems, Ministry of Locations: Peru, Ancash
A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. The bank's third consecutive cut comes as the rate of rising consumer prices has been coming down. But the latest decision to cut rates does not necessarily imply a cycle of successive rate reductions, the monetary authority said in a statement. It added that future adjustments to the key lending rate "will be conditioned on new information on inflation and its determinants." Earlier on Thursday, Peru's government announced a package of measures aimed at boosting investments in the country's critical mining sector.
Persons: Mariana Bazo, El, Peru's, Alex Contreras, Marco Aquino, David Alire Garcia, Matthew Lewis Organizations: Central Reserve Bank of, REUTERS, Rights, El Nino, Thomson Locations: Central Reserve Bank of Peru, Lima , Peru, Lima
Uranium stone is seen at a news conference of Macusani Yellowcake and Plateau Energy in Lima, Peru July 16, 2018. Investors in uranium have sharply outperformed investors in clean energy and oil & gas majorsThe significance of that change extends well beyond Finland's power market, which gets over a third of its electricity from nuclear plants. The Global X Uranium ETF , the world's largest ETF exposed to the uranium space, is up 31% year-to-date, while Canada's first uranium ETF, the Horizons Global Uranium Index ETF (HURA.TO), is up over 45%, LSEG data shows. However, even with the broad new backing for nuclear, it is far from certain that a significant increase in nuclear power output will actually materialise. In addition, the cost of building new nuclear plants has sky-rocketed in recent years.
Persons: Macusani, Mariana Bazo, NuScale, Gavin Maguire, Sonali Paul Organizations: Plateau Energy, REUTERS, Finland's Green Party, Green Party, Green, Finland Green Party, World Nuclear Association, Uranium, CME, France's EDF, EDF, Institute for Energy Economics, Reuters, Thomson Locations: Lima , Peru, LITTLETON , Colorado, Spain, Belgium, Sweden, Germany, Kazakhstan, Uzbekistan, Russia, Niger, China, Europe, United States, England, U.S
Peru's central bank cuts benchmark interest rate to 7.5%
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +1 min
A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo Acquire Licensing RightsSept 14 (Reuters) - Peru's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.5% after holding the rate steady for eight straight months, as the monetary authority in the Andean nation sees inflation easing. The central bank first held the rate steady in February following an aggressive series of hikes that began in August 2021. Despite inflation easing, the bank said on Thursday that its decision does not necessarily imply a cycle of successive reductions in the interest rate. Peru's annual inflation rate in August slowed to 5.58%, the lowest since September 2021.
Persons: Mariana Bazo, Carolina Pulice, Brendan O'Boyle Organizations: Central Reserve Bank of, REUTERS, Thomson Locations: Central Reserve Bank of Peru, Lima , Peru, Peru, Chile, Brazil, Uruguay, Lincoln
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