Energy Transitions and Economic Development: OLACDE at the XV International Economics Week

Fitzgerald Cantero, Director of Studies, Projects and Information of the Latin American and Caribbean Energy Organization (OLACDE), participated as a speaker at the XV International Economics Week, held at the Pontifical Catholic University of Ecuador (PUCE) in Quito. His presentation focused on energy transitions and the opportunities that the energy sector offers to address economic challenges in Latin America and the Caribbean.

During his intervention, Cantero emphasized that the region has an enormous potential in renewable energies, positioning it favorably to advance toward a more sustainable, competitive, and resilient energy model. However, he noted that achieving the energy transition requires political consensus, significant investments, and active involvement from the private sector.

He also addressed key topics such as the advancement of electric mobility, the importance of meeting the regional clean cooking access goal, and the need to strengthen energy storage to reduce generation losses. In this regard, he highlighted that energy spillage in 2024 resulted in losses of approximately 7 billion dollars, underscoring the urgency of incorporating storage solutions into regional energy planning.

OLACDE’s participation in this academic forum reaffirms its commitment to knowledge dissemination, capacity building, and the promotion of policies that support a more sustainable and inclusive energy future for Latin America and the Caribbean.

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