Latin America Advisor

Energy Advisor

A Publication of The Dialogue

How Might Latin America Pay for the Energy Transition?

The U.N. Economic Commission for Latin America and the Caribbean (ECLAC) released a study suggesting that post Covid-19 economic recovery could be accelerated with a big push into renewable energy. A solar farm in Chile is pictured. // File Photo: Chilean Government.

A recently released study by the U.N. Economic Commission for Latin America and the Caribbean highlights several ways in which countries in the region could accelerate their post-pandemic economic recovery. It outlines, among many things, how a big push into renewable energy could lay the foundation for “green” economic growth. What could Latin American and Caribbean governments be doing to help reactivate their economies and put them on a path to growth? Is a focus on renewable energy the answer? Would a sustainable-development economy benefit everyone, or just those at the top? How realistic is it to expect cash-strapped governments to think about sustainability after two years of a Covid-19-related economic decline?

Alicia Bárcena, executive secretary of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC): “The economics of sustainable development is the construction of a better future for all, particularly the most vulnerable, who experience environmental degradation the most. Investment in renewable energies with limited liquidity is still possible given that the promotion of these technologies has various possibilities. Low-cost government initiatives, such as bidding for renewables and transmission lines, can be promoted. In this area alone, it is recognized that decarbonizing the electricity grid costs less than maintaining it, and—if considered on an international scale—would create nearly seven million jobs. Countries need to get creative about how to get their existing sectors to work toward the 2030 net zero agenda. Not only that—they need to re-imagine how…”

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About the Energy Advisor

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Erik Brand, publisher of the Advisor, at ebrand@thedialogue.org.


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Erik Brand

Publisher
P. 202.463.2932
E. ebrand@thedialogue.org

Gene Kuleta

Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Leticia Chacón

Reporter
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Mark Kennedy

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