Industry News

5 ways to decarbonize national oil companies in Latin America and the Caribbean

By: Paola Carvajal, Javier García, Carlos Sucre and Christiaan Gischler, IDB The global hydrocarbon industry has been a long-time pillar of energy systems supplying in 2018 around 54% of global primary energy. This supply comes at a high cost in terms of carbon emissions as it accounted for 56% of the planet’s carbon dioxide emissions […]

Knee deep in a COVID-19 stricken economy, why should the Caribbean accelerate investment in sustainable energy

Despite the prevailing economic climate, we cannot halt the Caribbean’s energy transition when sustainable energy presents a viable and lasting solution to our economic challenges, writes Dr. Gary Jackson, Executive Director at the Caribbean Center for Renewable Energy and Energy Efficiency.   Source

Colombia and Chile join forces to lead the incorporation of hydrogen as a clean energy source in Latin America

The governments of Colombia and Chile have joined forces to help consolidate a competitive hydrogen export market to other continents, where the two countries position themselves as large-scale producers of this fuel as they continue leading the path toward the energy transition in Latin America.   Source

Latin American countries make calls for public bids in renewable energy

Several Latin American countries including Argentina, Ecuador and Chile have begun 2021 with calls for public bids in renewable energy.   Source

MPC Capital says construction complete on 6.4-MWp El Salvador solar farm

Hamburg-based asset manager MPC Muenchmeyer Petersen Capital AG announced that the construction of its 6.4-MWp San Isidro solar project in El Salvador had been finalized.   Source

IDB Report: Infrastructure crucial for The Bahamas and Caribbean future growth

Institutional reforms and investments in infrastructure will be key to foster economic recovery in The Bahamas and the Caribbean region, according to a new report by the Inter-American Development Bank, which warns of challenging times even as the pandemic is expected to subside in 2021.   Source

Barbados Center for Renewable Energy and Energy Efficiency partners with CARICOM

The Barbados-based Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE)  has signed a Letter of Agreement (LoA) to be the lead energy partner in the co-development of state-of-the-art, tailored climate information and services for the energy sector in the 15-member Caribbean Community (Caricom) grouping. Source    

Latin American Countries Cooperate In Innovative Plan To Tackle Climate Change In Arid Regions

Brazil launched the Dryland Adaptation Knowledge Initiative in the Gran Chaco Americano, which is shared by Argentina, Bolivia and Paraguay, to identify, evaluate and document the design of policies that promote climate change-resilient agriculture in the three ecoregions, which are home to 37 million people.   Source

Green hydrogen the sustainable fuel of the future

Financial advisor Igor Kuchma says hydrogen should become the main source of energy for the German economy. The German hydrogen market demand could reach 90-110 TWh by 2030. Source