For several weeks now the world has been suffering the impacts of COVID-19. One of the immediate impacts of the crisis has been a significant drop in economic activity, resulting in a sudden fall in demand and inevitably world oil prices. Such low oil prices had not been witnessed since the 2008 global financial crisis. For how long these prices will remain low is a big … [Read more...] about Leveraging the Benefit of Low Oil Prices: A Call for Hedging Actions
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Challenges of the energy sector within the Coronavirus crisis
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
Enhancing Rural Electrification and its Productive Use in Bolivia
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
Jamaica, drive electric! Electric Mobility Critical to Energy Security
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
Aligning Electricity Investment Plans and Climate Policy Commitments in LAC
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