Honduras has made progress in closing the energy access gap, a key factor for sustainable development. In 2005, only 52% of the population had access to electricity, while by 2013, this figure had reached 81%. Today, thanks to national resources and international cooperation with organizations such as the IDB, the country has achieved that 87% of its inhabitants have full … [Read more...] about Energy development lights up the Honduran Moskitia
Five Takeaways from Advancing Inclusive Energy Transition in Latin America and the Caribbean in 2024
As we close 2024, the Energy Division Inter-American Development Bank celebrates a year of impactful progress towards a just and inclusive energy transition in Latin America and the Caribbean. Our efforts have successfully impacted and improved lives in countries across the region, from areas such as energy access to the adoption of new technologies to keep innovating. In … [Read more...] about Five Takeaways from Advancing Inclusive Energy Transition in Latin America and the Caribbean in 2024
The Future of Energy Storage in the Caribbean
Countries in the Caribbean are looking to deploy more affordable renewable energy and storage solutions while improving resilience against extreme weather events. The need is particularly pressing for Caribbean islands prone to hurricanes that can sweep away key infrastructure and disrupt energy security and affordability Enter Battery Energy Storage Solutions (BESS), which … [Read more...] about The Future of Energy Storage in the Caribbean
A Renewable-Energy-Powered Future for Barbados
Electromobility, solar PV penetration, and LED lights are buzzwords associated with the energy sector today. But 12 years ago, that was not the case for many Caribbean countries, a region that has historically relied on fossil fuels to meet its energy needs. This was the case of Barbados, a well-known Caribbean Island because of its beautiful beaches, a favorite … [Read more...] about A Renewable-Energy-Powered Future for Barbados
H2LAC 2023: Expanding the Dialogue and the Role of the IDB in the regional green hydrogen market
For some years now, the Inter-American Development Bank (IDB) has been studying the potential of implementing a green hydrogen market in Latin America and the Caribbean (LAC). Currently, the region has the cleanest electricity matrix in the world. This is made up of a significant amount of renewable resources in the form of wind, solar, geothermal, and hydrological resources, … [Read more...] about H2LAC 2023: Expanding the Dialogue and the Role of the IDB in the regional green hydrogen market