Domingo Brief — Chile’s green hydrogen potential, investment in the DR, and Pinocchio’s runaway success

🇧🇷 Brazil’s Central Bank has announced it will launch its own digital currency in 2024, following a pilot project with the country’s banks and financial institutions next year.

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🇨🇱 Chile is looking to become the world’s cheapest producer of so-called ‘green hydrogen,’ following a 2021 government report that 13% of the world’s supply could be produced in the country’s deep south.

Latinometrics: Currently, 95% of global hydrogen is produced with the use of hydrocarbons. ‘Green hydrogen’ refers to hydrogen produced using renewable energies as inputs, making it a far cleaner source of energy. As a country primed for the energy transition, Chile could lead the way for cleaner, more efficient production.

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🇩🇴 The Dominican Republic saw a 21% increase in foreign direct investment (FDI) in 2021, representing $3.1B, its highest amount since well before the pandemic. The country received 35% of all FDI inflows in the Caribbean, per a new report from ECLAC.