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Electric mobility will allow Lima to come out of the health crisis better prepared for a climate crisis

April 14, 2021 por Benoit Lefevre - Rafael Capristán - Luis Rodrigo Chaparro - Jaime Fernandez-Baca - Roberto Ascencio Rojas Leave a Comment


Electromobility worldwide has advanced significantly, and it is estimated that by 2025 there will be more than 40 million electric vehicles in operation. In the case of Peru, although incipient, the electromobility market shows great potential.

National public policies seek to promote electric mobility as an alternative to mitigate the environmental impacts of urban transport such as air pollution, considering that 40% of the country’s energy sector emissions come from the transport sector.

On the demand side, the promotion of electric mobility satisfies a demand that already exists in the metropolitan area of ​​Lima, since not only environmental awareness is growing, but also the confidence on the savings generated over time with the use of an electric vehicle.

Electric mobility can also be an ally for economic recovery strategies after the health crisis, considering that investments in this type of mobility can also promote the creation of new services to support electric mobility and, therefore, generate more employment.

National climate policies in Peru also include electric transport

Peru’s climate commitments that are being developed since 2014 under the Paris Agreement, or also called NDCs (Nationally Determined Contributions), include a series of National Appropriate Mitigation Actions, known as NAMAs. These actions have been championed by developing countries with the aim of reducing their greenhouse gas (GHG) emissions.

In 2015, the Ministry of Energy and Mines (MEM) and the United Nations Development Program (UNDP) launched a series of NAMAs in the power generation and end-use sectors. Among these efforts is Peru’s Sustainable Urban Transportation NAMA, TRANSPerú, which seeks to reduce the social cost of traffic congestion. TRANSPerú has promoted the introduction of key structural changes, such as the improvement of framework conditions, the promotion of adequate infrastructure and a solid institutional structure.

Simultaneously, the TransElectric NAMA was developed to prepare the energy sector for the transformation of passenger transport service towards electric technology. Currently, there are about 20,000 buses operated by 300 companies, of which 66% are over 20 years old. In line with the scrapping strategies that have been initiated in the city, there is a suitable environment for a transition to electric mobility.

In the implementation of this NAMA, the IDB has supported the design of business models and financing mechanisms for electric buses that allow local authorities to compare this technology with diesel and vehicular natural gas. A challenge in Peru is that natural gas is highly competitive; however, it is estimated that in a scenario where there is 90% debt in a 10-year term and an interest rate of 7% with a 36-month grace period, electrical technology is competitive with the others.

Transportation reforms have been implemented in Lima and Callao

In June 2019, the Urban Transport Authority (ATU) began operating in the metropolitan cities of Lima and Callao through Law No. 30900, creating a model that for the first time manages the transport of both cities under the same entity, and integrating agencies that operated in the metropolitan area.

The ATU has a degree of autonomy to articulate, physically and in terms of rates, the different modes of transport that currently operate in both cities through the creation of an Integrated Transportation System. This system is responsible for the regulation of urban transport of buses, the Lima Metro, taxis and from  September this year, it also took over the administration of the Metropolitano, the first BRT in the city.

An entity that groups together all the actions and decisions to improve mobility in a city is essential to advance the electromobility agenda. In this sense, the ATU’s decision to designate the introduction of electric buses as a priority in its agenda has become key in the current context. In January of this year, the first electric bus of the Chinese brand BYD began to circulate in the streets of Lima as a pilot test through a collaboration with the Global Sustainable Electricity Partnership (GSEP) Enel X companies and Hydro-Québec . Likewise, the ATU is already designing the electric standard bus.

Advances in the strategy for the massification of electromobility

To make possible a future strategy for the massive electrification of public transport, the IDB offered technical assistance to the Ministry of Energy and Mines of Peru where the economic viability of the use of this type of buses was evaluated and business models established, as well as financing mechanisms for this technology.

In Peru, an oil and fuel importer country, where more than 80% of its consumption comes from abroad, the national economy is affected by the volatility of its international prices, so the diversification of energy sources for transportation can reduce this risk.

Among the actions that would support the advancement of electromobility in Peru, the IDB is preparing a loan operation that will allow the financing, via COFIDE, for the acquisition of electric vehicles.

The ATU has laid the foundations to make electromobility an ally in the economic recovery of Lima and Peru, paving the way for a more sustainable and just future. This is how the Peruvian capital prepares to emerge from a health crisis better equipped for a climate crisis.

Further reading:

Available in Spanish: Análisis y diseño de modelos de negocio y mecanismos de financiación para autobuses eléctricos en Lima, Perú.

Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean     

Electric buses offer Latin American and Caribbean transport a green and profitable future

Guayaquil’s electric buses show potential of local implementation of NDC to support a sustainable recovery

Photo: BID

Follow us on Twitter: @BIDCambioClima


Filed Under: Climate change Tagged With: decarbonization, electric mobility

Benoit Lefevre

Benoit Lefevre, PhD is an urban economist and an engineer in agronomics working as a senior specialist at the Climate Change division of the Inter-American Development Bank (IDB), currently based in the country office of the Dominican Republic. His work focuses on design and implementation of national and local policy and investment in all sectors of the bank, and on improving climate friendliness of IDB-Group operations for both mitigation and adaptation, leveraging climate finance and catalyzing private investment in clean and resilient solutions. Prior to joining the Dominican office of IDB, Benoit worked at IDB Headquarter in Washington DC where he led or participated in operations on transport, energy, cities and natural disasters in Mexico, Costa Rica, Guatemala, Panama, Colombia, Haiti, Dominican Republic, Peru, Ecuador, and Paraguay. Benoit also represented the IDB in the MDBs joined Working Group for Mitigation Climate Finance Tracking, and in the IFI Technical Working Group on GHG accounting. Previously, Benoit worked for the World Resources Institute (WRI) as Global Director of Energy, Climate & Finance of the Center for Sustainable Cities. In this role he led activities on alternative business models, municipal finance, capacity-building, upstream project preparation, urban energy modeling and integrated transport-land use policies. Prior to joining WRI, Benoit was director of the Urban Fabric program at IDDRI and visiting scholar at Berkeley University. Trained engineer, he holds a PhD in economics and finance, and did his post-doctorate at Colombia University. Benoit was Lead-author for 5th Assessment Report of the IPCC. He is author of 5 books, several academic papers and opinion columns.

Rafael Capristán

Rafael Capristán is an Economist and works as an IDB Transportation Specialist in the Lima Country Office. At the IDB he has participated and led various teams for the design and execution of infrastructure and transportation projects. Before joining the IDB, he worked in the Peruvian Ministry of Economy and Finance as a specialist in project evaluation, especially Transportation projects. He has also been a consultant in the private sector on development and infrastructure projects.

Luis Rodrigo Chaparro

Rodrigo has over 20 years’ experience in international development, sustainable energy and climate change. He works as consultant in the IFD/CMF Division of the IDB, where he manages the development and deployment of Energy Savings Insurance Program in Latin America. He has wide experience with energy sector programs of the U.S. Federal Government, Multilateral Banks, United Nations, Japanese and Danish Agencies. He worked for a private consulting firm in Washington DC, where he led the sustainable energy practice and the capture of two multimillion five-year IDIQ energy contracts with USTDA and USAID. He has had long term assignments in Colombia, Germany, and the U.S. and conducts frequent field work in developing countries. MS in chemical engineering. Fluent in English and Spanish.

Jaime Fernandez-Baca

Specialist in the Climate Change and Sustainability Division of the Inter-American Development Bank (IDB) since 2012. He coordinates IDB operations in Peru to support the climate change mitigation and adaptation agenda. He was Project Manager in the Southern Andes Program of The Nature Conservancy, in charge of the design and implementation of conservation and development projects in the Yungas ecoregion. As an independent consultant, he has led the design and evaluation of programs and projects for the management of natural resources and biodiversity in various countries in Latin America and the Caribbean. Jaime worked for several years in the private sector as an environmental specialist for various investment projects in the mining, hydrocarbons, energy and industry sectors. Engineer in Agronomic Sciences from the University of California, Davis, Master of Science in Environmental Management from the University of Stirling, Scotland, United Kingdom, and Master in Agricultural Economics from the National Agrarian University, La Molina.

Roberto Ascencio Rojas

Roberto Ascencio Rojas holds a master's degree in Urban Planning with a specialization in transportation at the University of California, Berkeley. He was a Fulbright-García Robles and CONACYT-Secretariat of Energy fellow. He worked at the Laboratory for the City, the first government innovation office in Latin America, where he promoted projects such as the regulation of transport network companies and the first night bus corridor with fixed schedules and stops in the country. Later he was an advisor to the journalist Katia D'Artigues, in the process of drafting the first constitution of Mexico City. He currently provides external consulting services for the IDB.

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Sustainability

This blog is a space to reflect about the challenges, opportunities and the progress made by Latin American and Caribbean countries on the path towards the region’s sustainable development.

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