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
Suriname is advancing toward a more sustainable energy sector, aiming to provide affordable, secure, and clean electricity to its citizens. The Inter-American Development Bank (IDB) has been a key partner, providing technical and financial support to implement some of the country’s most relevant and iconic projects. On February 8th, 2020, the IDB and the Ministry of Finance … [Read more...] about Consolidating a Sustainable Energy Sector in Suriname
Español The household sector is a key stakeholder in energy markets, mainly its regulation and policies. Since 1971, electricity and gas demand from Latin American and Caribbean households has more than tripled, outpacing high energy-intensive sectors such as transportation and manufacturing, and reshaping aggregate energy demand. Balancing affordability, quality, and … [Read more...] about How Do Households Consume Energy in Latin America and the Caribbean?
There is an urgent need in Latin America and the Caribbean (LAC) to cut down black carbon emissions. In 2012, one fifth of the 4.3 million deaths in the world related to the use of solid fuels for cooking or heating, either caused by health issues or accidents, were in LAC. Estimates show that if no action is taken to improve air quality, annual premature mortality from PM2.5- … [Read more...] about The Urgent Need to ‘Clear up the Smoke’ through Clean Cooking Programs