Seminar: Shaping the Future: Accelerating the Energy Transition in Latin America and the Caribbean

March 6, 2024
3:30 PM - 4:30 PM (UTC -4:00, Punta Cana)
2:30 PM - 3:30 PM (UTC -5:00, Washington D.C.)

Barceló Bávaro Palace | Punta Cana, Dominican Republic - Mallorca

While many countries across the region are doing a good job in moving towards renewable energy, it's not all smooth sailing across the region. Transitioning away from fossil fuels can be tough, particularly for countries that produce them, or have fewer renewable resources available, or less supportive institutions and investment environment. There is a critical need to mobilize private impact investment from and into the region energy sector. This calls for an urgent need to overhaul and modernize its legal and regulatory framework and a strategic approach to managing potential fiscal impacts – both positive and negative – that come with the energy transition.

The session will begin with a 15-min keynote technical presentation by the International Energy Agency. Insights from its groundbreaking Latin America and the Caribbean Energy Outlook report will be shared, offering valuable perspectives on the region’s energy dynamics. It will be followed by a 40-min thought-provoking panel discussion on the multiple pathways ahead for the energy sector. The conversation will delve into the complexities of the energy transition, with a special focus on the necessary regulatory and market modernizations needed to attract investment and ensure fiscal stability of pricing systems for energy and associated commodities.