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Renewable Energy Best Practices in Promotion and Use for Latin America and the Caribbean

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/20516

Renewable Energy Best Practices in Promotion and Use for Latin America and the Caribbean

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Title: Renewable Energy Best Practices in Promotion and Use for Latin America and the Caribbean
Author: Luecke, Andrea
Subject: Latin America
Carribean
renewable
energy
market
bio-energy
wind
geothermal
hydropower
solar
economic development
best practices
sector roles
collaboration
incentives
investment
exports
Renewable Portfolio Standard
public-private partnerships
policy recommendations
Abstract: According to the Renewable Energy Policy Network for the 21st Century (REN21), the number of countries with policies directed at promoting renewable energy has doubled over the past five years (REN21, 2011. The United States, along with European and Asian countries, is actively promoting renewable energy to catalyze and achieve profound economic and environmental changes. By contrast, the countries of Latin America and the Caribbean (LAC) have been slow to adopt renewable energy because of poverty, lack of awareness, and lack of government support to mitigate climate change, stabilize energy supplies, or invest in innovation (UN Industrial Development Organization, 2011). Although U.S. renewable energy markets are still emerging and over a dozen LAC nations rank higher than the United States in an Environmental Performance Index study (Yale University, 2010), there is a lot to be learned from the United States’ experience in promoting clean energy technologies. A robust and comprehensive renewable energy market in LAC, equal to or greater than that in the United States, might not only trigger a wave of innovation, but could open previously untapped opportunities for economic growth. And, as with most new technology markets, the more the public and private sectors invest in renewable energy, the more affordable it becomes.
Date: 2011-10-05
Publisher: Inter-American Development Bank
Citation: Luecke, A. (2011, October 5). Renewable Energy Best Practices in Promotion and Use for Latin America and the Caribbean.
Description: Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
URI: http://hdl.handle.net/1928/20516
Available at: http://www.iadb.org


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