Energy is key for economic development. Oil, gas, and electricity serve as an important input for transport and industry processes. Electricity is essential for household’s well-being, and commercial activities. Moreover, the quality of most public services, such as health and education, rely on electricity. Historically, demand growth is coupled with economic development. … [Read more...] about Energy transition and economic development: a challenge or an opportunity for Brazil?
The mining industry is not beloved in Latin America and Caribbean (LAC). This can be for good reason: we have learned of tailings disasters that have killed hundreds; projects that have generated riches that never reached communities; and corruption scandals that have permeated all levels of government, just to name a few. Importantly too, we are increasingly aware that … [Read more...] about Latin America and the Caribbean’s mining sector is key to fighting climate change
IDB participated in the XXIII Meeting of the Ibero-American Regulatory Association (ARIAE) in which a Regional Cooperation in Support of LAC regions regulators was launched. Energy regulation has been a key element for credibility and predictability to the energy sector; it is the backbone for balancing key objectives of attracting new investment and protecting consumers. … [Read more...] about What should be the next steps for energy regulation in this innovation era?
The digital economy is powered by cloud-based data services around the world, such services are growing at a staggering pace of 30-40% annually for some data providers. A key component of cloud-based services is to have data centers that are located close to data domain centers, to reduce the latency of data management and transfer. Powering these data centers and thus … [Read more...] about Does LAC Have the Energy It Takes to Become a World Leader Host of Data Centers?
The Reventazón Hydropower Project (RHP) is one of the biggest and complex infrastructures built in Central America (it is the biggest hydropower project in the Region). The RHP has been carried out by the Instituto Costarricense de Electricidad (ICE), a Costa Ricas´s public utility company, and was fully operational in September 2016. It has an installed capacity of 305,5-MW … [Read more...] about The biggest hydropower project in Central America, financed by IDB group, is granted with the Blue Planet Award