The IDB has estimated that in less than 10 years (by 2030), Latin America and the Caribbean needs more than $577 billion to close the electric power gap. Of that total, the region will need around $397 billion to build new generation, transmission, and distribution infrastructure, and more than $180 billion to replace and maintain existing assets. Private investment, … [Read more...] about How open to private-sector involvement is the electric power industry in Latin America and the Caribbean?
Energy subsidies are widely used across the globe. The International Monetary Fund (IMF) estimates that energy subsidies cost trillions of dollars each year as they are increasingly used due to fiscal constraints, peaks in fuel prices, and the misalignment of incentives with climate change efforts. In addition to the heavy burden, … [Read more...] about Communication Strategies: A Key Element for Energy Subsidy Reforms in Latin America and the Caribbean
The energy transition is changing the dynamics of the global investment landscape and opening the door to new activities and business opportunities that will likely impact the sector’s labor market. Evidence from certain LAC countries suggests that for every million dollars invested in the energy sector’s emergent areas, between 7 and 49 new jobs are created. To fully unlock … [Read more...] about Unlocking the employment potential of Latin America’s Energy Transition
In Latin America and the Caribbean, investment levels in infrastructure have not matched green growth objectives in recent years. Now more than ever, with the socioeconomic crisis generated by the pandemic, investment in sustainable infrastructure is crucial for the economic recovery. An additional investment in infrastructure could significantly boost growth in the … [Read more...] about The IDB and UK join forces to invest in sustainable infrastructure in Peru
Did you know that in 2019 the losses from electrical transmission and distribution systems in Latin America and the Caribbean could have supplied electricity to more than 50 million homes? To reduce these losses, the IDB has developed Energizados, a tool that uses artificial intelligence to automate the detection of electrical fraud. For electricity to reach cities, … [Read more...] about Energizados, a tool to automate the detection of electrical fraud