As the new IDB Country Strategy for Guyana (2023-2026) puts it – “Guyana is now a booming oil economy with an estimated 11 billion oil-equivalent barrels of recoverable petroleum resources”. Simultaneously, the Government is starting with an ambitious energy diversification programme as part of its Low Carbon Development Strategy (LCDS) that will deliver new generation … [Read more...] about Forging a Modern Grid for the Future – Reflections from Guyana
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
Smart Wires for the Energy Transition in Latin America
For the last two decades, there has been a boost in renewable energies in our region, initially led by Brazil, Chile and Mexico, which benefited from economies of scale when renewable energy generation costs went down, and followed later by many other countries. Wind energy capacity increased almost 17 times between 2011 and 2020. Solar was even more extreme, growing … [Read more...] about Smart Wires for the Energy Transition in Latin America
Latin America and the Caribbean strengthens its leadership in renewables worldwide in the critical decade of climate change through the RELAC initiative
Within the framework of the United Nations Climate Change Conference taking place in the United Arab Emirates (COP28), 16 countries in Latin America and the Caribbean presented the most ambitious renewable energy climate initiative worldwide. As world leaders seek to triple renewable energy generation capacity to limit global temperature rise to 1.5°C above pre-industrial … [Read more...] about Latin America and the Caribbean strengthens its leadership in renewables worldwide in the critical decade of climate change through the RELAC initiative
Strengthening Energy Storage Capacities in RELAC Countries: A Technical Dive into NREL
The National Renewable Energy Laboratory (NREL), in collaboration with the Inter-American Development Bank (IDB), and with the financing support of the Climate Investment Funds (CIF), conducted a series of workshops and technical visits as part of the RELAC initiative[1]. The collaboration aimed to enhance the technical capabilities of the participants so that they could … [Read more...] about Strengthening Energy Storage Capacities in RELAC Countries: A Technical Dive into NREL