At this international gathering, OLADE reinforced its strategic vision based on decarbonization, technological diversification, energy efficiency, and the promotion of a just and sustainable energy transition for Latin America and the Caribbean.
We present some initiatives we are driving that reflect our commitment to sustainability and climate action:
- Hydro4NetZero: A renewed flagship project that positions hydropower as a cornerstone for achieving net-zero emissions goals. The initiative seeks to promote multiple uses of this technology, ensuring long-term resilience, efficiency, and sustainability.
- CERTHILAC Initiative: Advances in the certification of origin and traceability of low-emission hydrogen, aiming to establish a standard for the commercialization of this clean fuel.
- Regional Planning Council: This initiative strengthens the capacity of member countries to plan and execute energy strategies aligned with climate commitments.
- Methane Observatory: In line with global efforts to reduce greenhouse gases (GHG), OLADE presented a report identifying gaps in regional emission inventories. These assessments are essential for designing effective mitigation strategies.
- Energy Efficiency Target: This declaration, made during the recent Meeting of Ministers, saw 21 OLADE member countries commit to a regional energy efficiency target.
- No New Coal-Fired Power Plants: A declaration was shared where 21 countries committed to halting the construction of new coal-fired power plants in the region.
- OLADE Business Council: The II Public-Private Dialogue, held during the IX Energy Week, provided a space for reflection and agreements for energy development that meets the region’s demands while enhancing its capacity to respond to climate challenges.
OLADE’s participation in the following events at COP29 underscored the region’s role in the global climate agenda:
- Climate Transparency and Methane: In collaboration with the Methane Observatory and the Global Methane Hub, we presented progress in measuring and mitigating GHG emissions. During the intervention, it was emphasized that “climate observatories allow for evidence-based public policies and optimization of mitigation strategies, strengthening accountability.”
- Hydropower and Climate Resilience: At a forum organized by the United Nations Department of Economic and Social Affairs (UN DESA), opportunities and challenges of hydropower in the context of climate change adaptation were addressed. The importance of modernizing hydropower technologies and conducting environmental and social impact studies was highlighted.
- Biofuels and Transport: We participated in a panel organized by IICA, highlighting the potential of Latin America and the Caribbean in biofuel production. Our region has resources like sugarcane and palm oil, which not only reduce dependency on fossil fuels but also generate jobs in rural communities.
- Policies to Accelerate the Just Transition: We participated in a roundtable organized by the Marrakesh Partnership, emphasizing the importance of having the planet’s most sustainable energy matrix, with nearly 70% of electricity generation from renewable sources. Advances in the regional energy agenda and commitments from the recent OLADE Energy Ministers’ Meeting were presented.
- Innovation in Renewable Energy: During a panel on energy entrepreneurship in the Global South, we highlighted the role of innovators in expanding access to renewable energies. Entrepreneurs are agents of change, leading with technological solutions that transform millions of lives in our region.
- Energy Efficiency as a Strategic Pillar: At this forum on energy efficiency, we presented the region’s achievements in electric mobility and energy management, emphasizing the importance of technical training and international assistance.
OLADE’s participation at COP29 reflects its leadership in the regional climate agenda, promoting a comprehensive approach that combines sustainability, equity, and inclusive development, with a focus on local solutions and a shared vision for the future.
Gloria Alvarenga – Director of Integration, Access, and Energy Security OLADE Gaston Sirot – Technical Advisor OLADE
