Bolivia & the Global Fight Against Climate Change
In the past year, the Bolivian government has emerged as an outspoken critic of climate change policies.
Energy storage is a class of technologies that is diverse, complex, and rapidly evolving. Policymakers in Latin America and the Caribbean (LAC) will need to acquire a strong grasp of the technical characteristics and benefits of these technologies, the services they can provide, and the most relevant regional and power market applications for each technology, according to a new report authored by experts from the Inter-American Dialogue and the Inter-American Development Bank.
Energy storage can bring many benefits to electricity systems, including enhanced grid reliability, efficiency, and flexibility. It will also be a key enabler of mass decarbonization and climate change mitigation, facilitating the expansion of variable renewable energy (VRE) sources such as wind and solar while ensuring grid security. However, energy storage deployment in LAC is still nascent. This publication describes the main energy storage technologies being used internationally and the status of these technologies in LAC. The publication also identifies promising applications of energy storage technologies in different LAC markets and provides recommendations on policies to facilitate uptake in the region.
Our research identified 150 energy storage projects in 36 countries and territories in LAC, the majority lithium-ion batteries, with the greatest number of projects in Chile.
In the past year, the Bolivian government has emerged as an outspoken critic of climate change policies.
As global temperatures continue to rise with the global community stalled on any way to stop them, countries must prepare to adapt to increasingly volatile environmental conditions.
Brazil’s oil and gas and electricity sectors are an important destination for Chinese direct investment.