Several countries in Latin America and the Caribbean have an adequate renewable energy generation capacity, abundant water resources and other favorable conditions to diversify the power generation matrices and decarbonize energy-intensive industrial segments. Breaking down legal, regulatory, financial, technical and market barriers can help them lead the charge on clean energy initiatives.
For the last two decades, there has been a boost in renewable energies in our region, initially led by Brazil, Chile and Mexico, which benefited from economies of scale when renewable energy generation costs went down and followed later by many other countries.
Abundant minerals for transition, potential in hydro, solar, and wind power, and tools from the digital revolution position the region ideally for developing future energies and reaping their benefits.
We present three selected IDB Group blog posts on financial innovation in the real estate industry, private funding for the power sector and the involvement of the private sector in the development of green housing.
There can be no global shift to renewable energy without better storage technology. New solutions such as Battery Energy Storage Systems (BESS) are emerging in the region to help build the business case for coupling this technology with renewables.
You probably haven't heard yet about a great way to ensure the sustainability of the energy sector: green transmission lines. These lines contribute to decarbonize interconnected national grids and feature top notch social practices.