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
The IDB and UK join forces to invest in sustainable infrastructure in Peru
In Latin America and the Caribbean, investment levels in infrastructure have not matched green growth objectives in recent years. Now more than ever, with the socioeconomic crisis generated by the pandemic, investment in sustainable infrastructure is crucial for the economic recovery. An additional investment in infrastructure could significantly boost growth in the … [Read more...] about The IDB and UK join forces to invest in sustainable infrastructure in Peru
Energizados, a tool to automate the detection of electrical fraud
Did you know that in 2019 the losses from electrical transmission and distribution systems in Latin America and the Caribbean could have supplied electricity to more than 50 million homes? To reduce these losses, the IDB has developed Energizados, a tool that uses artificial intelligence to automate the detection of electrical fraud. For electricity to reach cities, … [Read more...] about Energizados, a tool to automate the detection of electrical fraud
Consolidating a Sustainable Energy Sector in Suriname
Suriname is advancing toward a more sustainable energy sector, aiming to provide affordable, secure, and clean electricity to its citizens. The Inter-American Development Bank (IDB) has been a key partner, providing technical and financial support to implement some of the country’s most relevant and iconic projects. On February 8th, 2020, the IDB and the Ministry of Finance … [Read more...] about Consolidating a Sustainable Energy Sector in Suriname
Six reasons why supporting natural gas can put public finances at risk
At the climate summit in Glasgow, UN Secretary-General António Guterres had a blunt message: “The six years since the Paris Climate Agreement have been the six hottest years on record. Our addiction to fossil fuels is pushing humanity to the brink”. To stand a chance of limiting global warming to 1.5°C, the goal that international leaders have set to keep the climate crisis … [Read more...] about Six reasons why supporting natural gas can put public finances at risk