The International Renewable Energy Agency (IRENA) and the Latin American Energy Organisation (OLADE) will boost ties to put the renewables-driven energy transformation at the heart of Latin America and the Caribbean’s economic recovery following COVID-19.
The efforts build on an existing Memorandum of Understanding (MoU) originally signed by the two organisations in 2012.
Accelerating the development of sustainable energy could provide the Latin-American region with a long-term strategy to address social inequality, energy access and energy security.
Renewables can also stimulate the growth of clean technology utilisation within the industrial, agricultural, manufacturing and transport sectors, while reducing the carbon emissions in the region by 21% by 2030 compared to today’s levels, contributing towards global decarbonisation efforts in line with the Paris Agreement.
In this context, OLADE and IRENA will promote renewable energy investment and financing, as well as energy integration in the region.
Under IRENA’s Global Renewables Outlook, accelerating the renewable energy driven transformation in Latin America and the Caribbean could...
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