With over 11 billion barrels of oil reserves (one of the highest levels per capita in the world) and GDP growth rates and fiscal revenues rising tremendously over time, Guyana, as a new oil producer, is at the threshold of a new era. At the same time, the Government of Guyana is embarking on a cleaner transformation for domestic electricity generation, taking advantage of its … [Read more...] about A nature-based asset in action: Transforming Guyana with renewables
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A global net-zero emissions future: harnessing the strengths of Latin America
The share of non-conventional renewable sources in Latin America and the Caribbean continues to grow steadily. This potential favored by existing natural resources, the implementation of auctions, and the security to invest can ensure a global future with net-zero emissions. Investment in renewable energy capacity in the region grew 43% in 2019 compared to the previous year. … [Read more...] about A global net-zero emissions future: harnessing the strengths of Latin America
The Growing Challenge of Sustainable Cooling in a Post-Pandemic Era in LAC
In a warming world, demand for cooling is rising, and with it the risks for vulnerable populations who are unable to access it today. Providing sustainable cooling for all does not necessarily mean an air-conditioner in every home; it means access to affordable and sustainable solutions to address the needs of the vulnerable, such as access to nutritious food and safe … [Read more...] about The Growing Challenge of Sustainable Cooling in a Post-Pandemic Era in LAC
Guyana’s power utility prepares for the future
A digital solution for loss reduction: SMART metering infrastructure Encouraged by the opportunities presented by the continued evolution of digital technologies within the electricity sector, the main electricity supplier of Guyana has made important advancements in the last years to transform the sector. The Guyana Power and Light Inc. (GPL) is the main state-owned … [Read more...] about Guyana’s power utility prepares for the future
Would green hydrogen be the natural development of Latin America and Caribbean renewables endowment?
It is estimated that the cheapest green hydrogen (H2) production in 2030 would come from Latin American countries. The latest data on hydrogen levelized costs shows: 1) a decrease of 13% in the 2030 green H2 forecast, compared to the previous outlook; [1]2) by 2030, green hydrogen should be cheaper than blue hydrogen in many markets and it will be competitive with natural gas … [Read more...] about Would green hydrogen be the natural development of Latin America and Caribbean renewables endowment?