26.05.2022

How can the Private Sector Promote Energy Efficiency? A Review of Lessons Learned and Evidence from Latin America and the Caribbean

This paper analyzes energy efficiency trends in the private sector for a range of countries in Latin America and the Caribbean, combining data from the World Bank Enterprise Surveys and the Inter-American Development Bank/Compete Caribbean Productivity and Innovation Surveys.

The paper also reviews the evidence on the effectiveness of interventions promoting the adoption of energy efficiency practices and technologies. This review considers not only interventions focused on traditional market forces that may promote the uptake of energy-efficient technologies, but also behavioral factors that can influence investment decisions in such technologies.

The study concludes by offering recommendations on how to promote more investment in energy efficiency through the private sector.

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