The World Energy Council has identified, in its Tango Scenario, that if the Latin American & the Caribbean (LAC) region is to achieve a sustainable economic growth of 2.7% to 2060, an effective system of broad-ranging regional and international governance, including strong collective climate change policies and regional integration of energy systems, is essential.
The findings come in a new set of exploratory scenarios, developed in partnership with CAF- Banco de desarrollo de América Latina, Eletrobras and Unidad de Planeación Minero Energética (UPME), which were launched on 31 May in Lima, Peru.
In the report entitled ‘Latin American & the Caribbean Energy Scenarios to 2060’, three scenarios “Samba”, “Tango” and “Rock” present a distinct trajectory for the energy sector to 2060.
The scenarios identify key areas for action: government policy directions, new energy opportunities, climate-related policies and the need for macro-risk management.
The report also goes on to also highlight new opportunities for wind, solar, geothermal and continued growth in biofuels and natural gas. Although alternative energy sources such as solar wind and geothermal still only account for around 2% of Latin America’ electricity generation, compared with a world average of 4%, the LAC Scenarios show that this share will grow rapidly between 2030 and 2060, with up to 20% of Brazil’s electricity generation coming from wind and solar by 2060.
Over the next decades, LAC governments will need to make massive investments in infrastructure to promote economic growth in urban areas. Decisions taken by governments on issues like structural reforms and private sector participation will play a crucial role in determining the sources of funding and the total amounts available for making those investments.
The publication will be available to download for all after the embargo date using the following link: https://www.worldenergy.org/publication/2017-world-energy-scenarios/
For media queries contact:
Lucy Chakaodza: Tel: (+44) 203 214 0616
To watch the launch use http://streaming.bnamericas.com/