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
sustainable energy
The Future of Energy Storage in the Caribbean
Countries in the Caribbean are looking to deploy more affordable renewable energy and storage solutions while improving resilience against extreme weather events. The need is particularly pressing for Caribbean islands prone to hurricanes that can sweep away key infrastructure and disrupt energy security and affordability Enter Battery Energy Storage Solutions (BESS), which … [Read more...] about The Future of Energy Storage in the Caribbean
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