Bolivia Energy Transition Forum 2050: Transformation with Investments, Technology, and Financing

International experts highlighted the initiatives of Bolivia’s Ministry of Hydrocarbons and Energy at the “Bolivia Energy Transition Forum 2050,” a fundamental effort to build long-term policies and establish an energy development model that transcends government administrations.

The event took place at the Fexpocruz facilities in Santa Cruz and addressed essential topics related to the energy sector in Bolivia and its outlook towards the year 2050.

The forum featured the participation of 25 international experts who shared their valuable experience in the field of renewable energy and energy transition. It also brought together prominent representatives from the private sector, industry, academia, and international organizations. All contributed to the development of a comprehensive public policy that will guide Bolivia towards a more sustainable energy future.

In the inauguration, the Minister of Hydrocarbons and Energy, Franklin Molina, emphasized the need for investments and technology to develop projects.

Within the framework of this forum, the Executive Secretary of OLADE, Andrés Rebolledo, presented on the regional energy landscape and contextualized it by stating that Latin America and the Caribbean is the greenest region in the world, with the highest rate of clean energy at 31%. Additionally, 65% of electricity generation is based on renewable sources. “This places us in a competitive position and presents challenges in terms of integration and energy security,” he noted.

Rebolledo also pointed out that in the region, almost 70% of the energy supply comes from non-renewable sources, making the decarbonization of that production chain and energy demand a priority. This is part of what some countries call the second phase of the energy transition.

Communications and Institutional

Relations Department

josefa.corral@olade.org

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