The crisis caused by the coronavirus reminds us of modern society's dependence on electricity. This reliance is particularly evident in hospitals where electricity is needed to operate fans, refrigerators and other medical equipment; for communication between society and government; for production continuity (through teleworking schemes; education through online studies; and … [Read more...] about Challenges of the energy sector within the Coronavirus crisis
In 2010, the IDB approved its first Programme of Rural Electrification (PER) in Bolivia, of which the objective was to grant access to electricity to the most remote areas of Bolivia. It resulted in more than 3,000 km of distribution lines and two transmission lines of 200 km that became operational in 2015. Now, Bolivia is looking to enhance rural electrification and its … [Read more...] about Enhancing Rural Electrification and its Productive Use in Bolivia
The global auto industry is in the midst of unprecedented disruption. Emissions limits in the world’s leading economies are forcing automakers to electrify their portfolios. In 2018, Elon Musk’s all-electric startup, Tesla, outsold BMW, Lexus and Mercedes Benz in the US, and nearly every major automaker has announced plans to electrify their line-up by 2025. Bloomberg New … [Read more...] about Jamaica, drive electric! Electric Mobility Critical to Energy Security
The Role of Expansion Plans Promoting Feasible Nationally Determined Contributions (NDCs) The future of energy needs to be sustainable. In the future, energy consumption should not be associated with CO2 emission. Among many uncertainties, this seems to be an agreement. All the IDB member countries signed the Paris Agreement, pledging to make efforts to stabilize … [Read more...] about Aligning Electricity Investment Plans and Climate Policy Commitments in LAC
IDB participated in the XXIII Meeting of the Ibero-American Regulatory Association (ARIAE) in which a Regional Cooperation in Support of LAC regions regulators was launched. Energy regulation has been a key element for credibility and predictability to the energy sector; it is the backbone for balancing key objectives of attracting new investment and protecting consumers. … [Read more...] about What should be the next steps for energy regulation in this innovation era?