Recently, the Inter-American Development Bank (IDB) had the privilege to participate in the International Energy Agency’s 2024 Ministerial Meeting and 50th Anniversary. Co-chaired by France and Ireland, this event convened ministers and energy sector leaders worldwide, reaffirming their dedication to advancing energy security and the clean energy transition to uphold the goal … [Read more...] about Energy Transition: A Global Call to Action
Unlocking Green and Just Hydrogen in Latin America and the Caribbean
Latin America and the Caribbean (LAC) is prepared to play a pivotal role in the global energy transition through the adoption of green hydrogen (GH2). With an abundance of renewable energy resources, the region has the potential to become a leader in GH2 production and utilization. The Inter-American Development Bank Group (IDBG), which includes the IDB, IDB Lab, and IDB … [Read more...] about Unlocking Green and Just Hydrogen in Latin America and the Caribbean
Latin America and the Caribbean can mitigate climate change by tapping into its energy efficiency potential
In Latin America and the Caribbean, greenhouse gas (GHG) emissions from energy reached their highest levels in 2013. However, from 2014 to 2019, regional emissions decreased at an annual rate of 1.74%, to the growing share of renewables in the electricity generation mix, which rose from 53% in 2013 to 59% in 2019, as reported by the Inter-American Development Bank's Energy … [Read more...] about Latin America and the Caribbean can mitigate climate change by tapping into its energy efficiency potential
Collaboration as a catalyst for decarbonization
3 lessons learned from our collaboration with other energy institutions and Latin America’s path to decarbonization The global energy market has experienced volatility, price increases, and energy security challenges on many fronts in recent years. According to the 2022 World Energy Outlook, geopolitical and economic concerns have affected the energy markets worldwide, … [Read more...] about Collaboration as a catalyst for decarbonization
Five things you should know about the green energy transition in Latin America and the Caribbean
During COP27, countries reaffirmed their 2016 Paris Agreement commitments, as most global institutions agree that countries must shift away from coal, oil, and gas and towards cleaner sources of energy. These sources include constantly improving technologies such as wind and solar. They also include nascent industries like hydrogen. In Latin America and the Caribbean (LAC), … [Read more...] about Five things you should know about the green energy transition in Latin America and the Caribbean