For some years now, the Inter-American Development Bank (IDB) has been studying the potential of implementing a green hydrogen market in Latin America and the Caribbean (LAC). Currently, the region has the cleanest electricity matrix in the world. This is made up of a significant amount of renewable resources in the form of wind, solar, geothermal, and hydrological resources, … [Read more...] about H2LAC 2023: Expanding the Dialogue and the Role of the IDB in the regional green hydrogen market
Renewable Energy
Iniciativa SINEA: hacia la integración eléctrica de la región andina
El próximo 9 de mayo se llevará a cabo en la ciudad de Quito, Ecuador, la cumbre de ministros del Sistema de Interconexión Eléctrica Andina (SINEA). A partir de esta cumbre, los países miembros buscan reafirmar su voluntad de avanzar en la creación de un Mercado Andino Eléctrico Regional (MAER) a través de la firma de la Declaración de Quito; aprobar la actualización de la Hoja … [Read more...] about Iniciativa SINEA: hacia la integración eléctrica de la región andina
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
A nature-based asset in action: Transforming Guyana with renewables
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
Unlocking the employment potential of Latin America’s Energy Transition
The energy transition is changing the dynamics of the global investment landscape and opening the door to new activities and business opportunities that will likely impact the sector’s labor market. Evidence from certain LAC countries suggests that for every million dollars invested in the energy sector’s emergent areas, between 7 and 49 new jobs are created. To fully unlock … [Read more...] about Unlocking the employment potential of Latin America’s Energy Transition