The Latin American Energy Organization (OLADE) joins in commemorating the World Clean Energy Day established by a resolution of the United Nations General Assembly last August. This initiative aims to provide an annual milestone to strengthen actions for greater energy sustainability within the framework of the global climate urgency.
OLADE would like to take this opportunity to thank its 27 member countries for supporting this proposal, as reflected in Ministerial Decision LII/D/565 of December 2022, signed at its LII Ministerial Conference, and for the efforts they have been making to increasingly and rapidly incorporate clean energy.
- Latin America and the Caribbean are the greenest region in the world. In its primary energy matrix, 31% comes from renewable sources compared to the global average of 14%.
- The transformation of its electricity generation matrix has been remarkable. In 2015, 53% was produced from renewable sources, and by 2022, it had risen to 65%.
- In a decade, wind energy in the region has increased 30 times, and solar energy 8 times.
- In the last 5 years, Non-Conventional Renewable Energies (NCRE) have doubled their share in the region’s electricity generation, now accounting for 13%. These energies will continue to expand, as over 90% of new projects in the region are based on these clean technologies.
- The growth potential of renewable energies in the region is enormous. Currently, 30% of hydropower potential is being utilized, along with 10% of wind and only 1% of solar.
- In a Net-0 scenario by 2050, wind energy will represent 22%, and solar will account for 28% of the region’s installed electrical capacity.
- Electricity will play an increasingly important role. To achieve carbon neutrality, the installed capacity across the region must triple, with electricity rising from 19% to 36% in final energy consumption. The investment required for this by 2030 is USD 500 billion.
The responsibility for this transition involves everyone: governments, businesses, academia, and organizations like OLADE, committed to this change and the development of a more sustainable energy model in the region.
Communications and Institutional
Relations Department
josefa.corral@olade.org
