On April 9th, Mr. Paul Simons, Deputy Executive Director of the International Energy Agency (IEA), presented at the Inter-American Development Bank (IDB) the key findings from IEA’s flagship report, World Energy Outlook 2017 (WEO 2017). Mr. Simons addressed the important role of emerging economies, where the Latin American and the Caribbean (LAC) region will become an … [Read more...] about World Energy Outlook 2017: How will the Energy Sector evolve till 2040?
An Opportune Time for Reforming Energy Subsidies in Latin America and the Caribbean
by Estefanía Marchán, Ramón Espinasa, and Ariel Yépez-García. The G20 – a group comprising the world’s 20 leading economies – will meet in Argentina next year for its 10th annual summit aimed at coordinating action to strengthen the global economy and tackle pressing global challenges including climate change. The phasing out of fossil fuel subsidies—a pledge first made by … [Read more...] about An Opportune Time for Reforming Energy Subsidies in Latin America and the Caribbean
Is there still market power in the generation sector?
What are the possible outcomes of market liberalization in the electrical sector? Could be reduction in energy prices, increasing private participation, and an overall more competitive market. A recent policy brief by IDB examines the reform impacts from the perspective of market monitoring, measuring firms’ ability to influence prices in the spot energy market. The results … [Read more...] about Is there still market power in the generation sector?
Energy Efficiency: Live Smart, Invest Smart, Save Smart
Last week I had the opportunity to share some of IDB´s projects and developments on energy efficiency in the region at the CSIS conference in Washington, and I’d like to share some of our work with our readers. Energy efficiency could emerge as what some of us like to call the “prosperity fuel”: the IDB as the largest development lender in Latin America and the … [Read more...] about Energy Efficiency: Live Smart, Invest Smart, Save Smart
How Much Do Homes Spend on Energy?
Electricity, gas, and transportation fuels are an important component of the household budget. Its use for lighting, heating, cooling, and cooking exemplify some of the basic activities that require a reliable supply. The importance of such services in the family budget reflects its relevance and constitutes a dimension of interest for public policies that seek to guarantee the … [Read more...] about How Much Do Homes Spend on Energy?