As we close 2024, the Energy Division Inter-American Development Bank celebrates a year of impactful progress towards a just and inclusive energy transition in Latin America and the Caribbean. Our efforts have successfully impacted and improved lives in countries across the region, from areas such as energy access to the adoption of new technologies to keep innovating. In … [Read more...] about Five Takeaways from Advancing Inclusive Energy Transition in Latin America and the Caribbean in 2024
Energy transition
A Renewable-Energy-Powered Future for Barbados
Electromobility, solar PV penetration, and LED lights are buzzwords associated with the energy sector today. But 12 years ago, that was not the case for many Caribbean countries, a region that has historically relied on fossil fuels to meet its energy needs. This was the case of Barbados, a well-known Caribbean Island because of its beautiful beaches, a favorite … [Read more...] about A Renewable-Energy-Powered Future for Barbados
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
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