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
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
The Archipelago of San Andres can boast of almost universal electric power coverage. Practically the entirety of its 52.2 Km² has access to electricity in order to light resident’s homes and power the tourist industry that propels its economy. However, the Archipielago still faces energy related challenges. An energy efficiency program can counteract many of them. The … [Read more...] about Energy Efficiency on an Island: The Archipelago of San Andrés, Providencia and Santa Catalina
The price of solar energy has been dropping dramatically during last 20 years and the projections suggest that it will maintain that trend in the coming years. In a near future, solar energy in Suriname will be cheaper than the electricity coming conventional fossil fuel plants. According to the International Renewable Energies Agency (IRENA) the global weighted average … [Read more...] about What is the future of Solar energy in Suriname?
There are 1.4 billion people that lack energy access worldwide, 25 million of these live in Latin America. Yet, with a coordinated effort, Latin America and the Caribbean could be the first region in the world to reach universal access to modern energy. … [Read more...] about Scaling Up Sustainable Energy in Latin America and the Caribbean