Latin America & The Caribbean Network
Argentina, Bolivia, Brazil, Chile, Colombia, DominicanRepublic, Ecuador, Panama, Paraguay, Peru, Trinidad & Tobago and Uruguay are the current 12 Member Committees in Latin America. This extensive network brings together the key energy leaders from the region, including Ministers and government officials, CEOs, academics, energy experts, among others; to discuss and work for a sustainable energy system in the region.
Council’s activities in Latin America and the Caribbean region include the organization of different events, at regional and national level; the development of region specific content. In addition, some member committees organise World Energy Academy Courses to contribute on capacity building of industry professionals in the country; the Council actively engages young professionals from the region through its Future Energy Leaders’ Programme (FEL-100) as well as it collaborates with other regional organizations to advance in the development of sustainable energy systems.
Regional events for Latin America & the Caribbean are hosted annually or bi-annually, rotating among the different Member Committees. These events seek to bring together top level public and private sector representatives to discuss critical energy issues affecting Latin America & the Caribbean. These events are organised by the Council’s Member Committees in the region with strong support from our regional team.
The next regional event will be hosted by Argentina 13th and 14th June 2018. The Latin American Energy Forum is organised by the Argentine Committee of the World Energy Council and sponsored by the Ministry of Energy and Mines of Argentina. This events represents the largest regional opportunity to facilitate dialogue and communication among energy leaders in the region on the critic issues that affect the world of energy. These meetings are promoted by countries that have a great interest in the global energy transition.
This meeting, which has been declared a side event in the framework of the G-20 energy meetings, will gather Ministers, senior executives of the World Energy Council member companies as well as their managers; and high-level guests who together will share their vision and promote the discussion of decisive aspects, as well as actions that can be implemented for the development of the region.
The Regional Forum provide an important milestone and build on the World Energy Council’s unique ability to convene this powerful energy leaders’ community to address more specific issues and challenges in a targeted regional context.
The 2016 regional event took place in Rio de Janeiro (July 2016) with 180 high level participants. Discussions centred on energy integration projects , the resilience challenges in the region and the road ahead COP21.
Previous Regional events were hosted by Ecuadoron September 10-11, 2015, in partnership with the Union of South American Nations -UNASUR- and the Ministry of Renewable Energy and Electricity and by Colombia in 2014 together with the Council’s Executive Assembly and World Energy Leaders’ Summit. This meeting gathered over 700 high-level energy representatives from around the world to discuss topics including energy sustainability and regional integration.
In addition to Regional Events, Members from the region constantly host local events to discuss national priorities. Please refer to our events page for further information.
The Council is working on a Latin America Scenarios Deep Dive which will provide a regional insight within the global Scenarios context, enabling corporate strategists to test the robustness of their key strategy and investment decisions and policymakers to test the robustness of their policy decisions. The deep dive will also be a valuable tool for decision-makers to assess the gamechangers of tomorrow and to deepen understanding of the key driving forces for the region’s energy sector.
Furthermore, 5 Member Committees in the region together with the Council have developed National Issues Monitor maps. This tool enables to identify the national priorities of energy leaders in the different countries, compare them with the regional and global priorities and is a great tool for strategy leaders and decision makers to understand the issues affecting the energy sector at country, region and global level.
The main purpose of the World Energy Academy is to build a specialised environment for informed discussion in the energy field. The Academy seeks to provide basic energy concepts and strategic vision on the key challenges facing the energy sector which will allow professionals to understand the strategic role energy plays and the importance of building a sustainable energy system. The Academy is aimed at a broad audience, professionals from different backgrounds which are interested in the energy sector as well as post graduate students, journalists, etc. The course consists of 12 sessions of 3 hours, where high-level experts give classes on different energy topics based on the Council’s studies. The course is conducted virtually in some countries and in person in other cases.
The Latin American region has been a leader of this initiative which was born in Argentina in 2014. The Academy is currently run by individual Member Committees in Argentina, Colombia and Brazil and over 500 students have already graduated from the courses.
The Council closely works with organizations in the region to enhance joint efforts to develop a sustainable regional energy system.
The Council has a strong collaboration with CAF- Development Bank of Latin America, developing joint activities throughout the year in different countries in Latin America. In addition, the Council collaborates with CIER and ARPEL.
Additionally, the World Energy Council in Latin America has joined efforts with ALADI, ARPEL, ECLAC, CIER, OAS and OLADE with the financial support and institutional participation of CAF .This regional Energy Agenda, has developed studies of the Latin American and Caribbean (LAC) energy sector and its integration into the global context, resulting in a diagnosis of the current state of the energy sector in LAC region and the identification of the key issues to be considered. The group is currently undergoing the following initiatives:
- Energy Efficiency Programme: the overall objective of the program is to define a common strategy adapted to the current Energy Efficiency situation in the region with an action plan for the development of energy efficiency markets.
- PRESER: This project seeks to identify specific energy projects which if developed will have a significant contribution to the energy sector in the region.
- UNILA: Develop a course to prepare professionals from the region and transfer knowledge on elements of analysis and decision making, as well as lessons learned and prospects for energy integration in Latin America and the Caribbean, on a multi-sectorial regional academic environment, and multidisciplinary.
Energy in Latin America and the Caribbean
In 2018, Latin America and the Caribbean countries (LAC) signed the Escazú Agreement. The objective of this important agreement is for protection of the right of every person of present and future generations to live in a healthy environment. 16 of the 33 countries in the region have signed the agreement (a minimum of 11 signatures were needed for it to be ratified). The agreement allows access to environmental information, public participation in the environmental decision-making process and access to justice in environmental matters.
The LAC region has large endowments of hydrocarbons reserves, a massive hydroelectric potential, as well as wind and solar energy potential. The strong sunshine in Bolivia, Peru and Chile, with the latter’s 38,000 square mile-Atacama Desert, provides huge solar potential.
Meanwhile, Brazil has major wind capacity at night that could perfectly complement its Andean neighbours’ daytime sunshine, potentially providing vast quantities of free energy for all four countries on a 24-hour basis the necessary international transmission lines were available.
This comparative advantage allows the countries in the region to utilise available resources, transforming the energy mix and incorporate new technologies for the development of renewable energies.
On the other hand, the LAC region is still dealing with the fluctuation in commodity prices as it is shown in the last two years’ Issues Monitor maps. This uncertainty and dependence on the oil price highly affects national budgets and investments. Further consequences include instability, inflation, devaluation and rising unemployment.
In 2018 survey respondents identified corruption as a critical uncertainty in the region, but in the prior year’s survey, this issue was seen an action priority. The corresponding national commentaries discuss the negative impact of corruption affecting the region’s economic growth.