During COP27, countries reaffirmed their 2016 Paris Agreement commitments, as most global institutions agree that countries must shift away from coal, oil, and gas and towards cleaner sources of energy. These sources include constantly improving technologies such as wind and solar. They also include nascent industries like hydrogen. In Latin America and the Caribbean (LAC), … [Read more...] about Five things you should know about the green energy transition in Latin America and the Caribbean
Energy
Great news for the Electricity Sector: Electrorating and Electrokit
Imagine having key and updated data from the electricity distribution sector in LAC in just one place. Certainly, it would facilitate comparison, analysis, and regional research. We have good news for you! Next October 27, at 2:30 pm (EDT) the IDB will be launching two initiatives in partnership with the Energy Hub: Electrorating and Electrokit. Sign up! Why are these … [Read more...] about Great news for the Electricity Sector: Electrorating and Electrokit
How open to private-sector involvement is the electric power industry in Latin America and the Caribbean?
The IDB has estimated that in less than 10 years (by 2030), Latin America and the Caribbean needs more than $577 billion to close the electric power gap. Of that total, the region will need around $397 billion to build new generation, transmission, and distribution infrastructure, and more than $180 billion to replace and maintain existing assets. Private investment, … [Read more...] about How open to private-sector involvement is the electric power industry in Latin America and the Caribbean?
Communication Strategies: A Key Element for Energy Subsidy Reforms in Latin America and the Caribbean
Energy subsidies are widely used across the globe. The International Monetary Fund (IMF) estimates that energy subsidies cost trillions of dollars each year as they are increasingly used due to fiscal constraints, peaks in fuel prices, and the misalignment of incentives with climate change efforts. In addition to the heavy burden, … [Read more...] about Communication Strategies: A Key Element for Energy Subsidy Reforms in Latin America and the Caribbean
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