
The installed capacity of renewable energy has increased across the globe since the historic Paris Climate Accords, with more countries adopting tender (auction) and bidding mechanisms to support international climate goals. Latin America and the Caribbean has also made progress in fulfilling its commitment to sustainable energy.
This report presents a summary of the most relevant findings from an extensive mapping exercise of energy sector practices in the region. It contemplates best practices grouped in five solution pillars to promote a just energy transformation in the region:
- Fostering competitive markets to support the region’s economic development
- Modernizing the power grid to improve power system efficiency and reliability
- Promoting distributed clean-energy resources to advance universal access and resilience
- Supporting integrated energy planning across sectors and countries to encourage renewable energies
- Strengthening regulatory harmonization and market design to foster regional integration