How New Technologies Are Transforming Energy in Latin America and the Caribbean
LAC is a region that has a great diversity of both traditional and renewable energy matrices, which creates major opportunities. Early 2023 activities are predominantly concentrated on hydropower plants, although most countries have the required conditions and are perceived globally as a potential source of renewable energies.
From the IDB's perspective, the energy transition is one of the main strategic goals for the region, which is why it seeks to focus efforts on the furtherance of the adoption of renewable energies, seeking to turn LAC into a renewable energy hub, leading the development of new clean technologies such as green hydrogen.
As we examine the impact and potential of various key technologies in this report, it is important to understand that we are dealing with an interconnected ecosystem that is growing in complexity and scale. Advances in one area, such as Artificial Intelligence or Automation, are fed back and amplified in constructive collaboration with others, such as Big Data or the Internet of Things, resulting in a multiplier effect on value generation. This report aims to highlight how this technological interconnection is reshaping the economic and social context in LAC, providing an analysis that goes beyond the current situation to forecast how new technologies will continue to shape the region over the next decade.