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
Energy transition
Energy Transition: A Global Call to Action
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
Learning from Korea’s push on renewable energy and green hydrogen
During the first week of September 2023, in collaboration with the Inter-American Development Bank (IDB), the Korea Energy Agency (KEA) welcomed a delegation from Argentina, Brazil, Chile, Costa Rica, Mexico, Paraguay, and Uruguay to the “2023 IDB-KEA Training Program on Renewable Energy and Green Hydrogen” in South Korea. This program covered a wide range of topics on energy … [Read more...] about Learning from Korea’s push on renewable energy and green hydrogen
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