Latin America and Caribbean could be zero carbon by 2050

Latin America and the Caribbean could go zero carbon by 2050 with ambitious and targeted policies. That’s according to a report by the United Nations Environment Programme – DTU Partnership (UNEP-DTU) which stated although those regions account for only 10% of the world’s greenhouse gas (GHG) emissions, the region is at the forefront of global efforts to […]

Peru works on green building code

A member of the World Bank Group is working with the Peruvian Government to make buildings more energy efficient. The International Finance Corporation (IFC) will help develop a new regulatory ‘Green Building Technical Code’ to save energy and water. Work on the project started in 2014 when the government established a Standing Committee on Green Building. Latin […]

UK firm wins power contract in Peru

A UK power company that operates in Latin America has been granted an exclusive right to develop a new project in Peru. Rurelec will build a 120MW gas-fired power plant on an isolated field in the Amazonian region of Northern Peru. It will be located close to the city of Tarapoto where there are currently […]

Enel plans €6bn green spending by 2017

Italian energy firm Enel Green Energy plans to splash more than €6 billion (£5bn) over the next four years – with €5.5bn of this on new growth. By 2017 it plans to have around 12.4 GW worth of green power installed, a rise of 4.4 GW on existing power projects, with around 1 GW of […]

$50m energy efficiency fund for Latin America

Companies in Latin America and the Caribbean looking to invest in renewable and energy efficiency projects can apply for loans, thanks to a $50 million (£32.8m) fund. The Inter-American Development Bank (IDB) provided the cash for the Energy Efficiency Finance Facility, which supports firms with small-scale loans for projects that will cut energy costs and […]

Brazil could face transport fuel shortage by 2017

Brazil needs to pump substantial cash into refining gasoline or it could fail to meet its fuel demand for domestic vehicles “as soon as 2017”. That’s the conclusion from a new report by Bloomberg New Energy Finance (BNEF), which suggests demand in the nation could outstrip supply by 2021 by as much as nine to […]

3.8 million green cars sold a year by 2020?

Drivers around the world could be buying 3.8million electric and hybrid cars every year according to a new report. Although the slow take-up of the vehicles has forced some to scoff at the idea of a road revolution, American researchers believe high petrol prices will change this by the end of the decade. Dave Hurst, […]

Latin America and Caribbean solar markets to ‘explode’

Demand for solar energy across Latin America and the Caribbean is set to “explode” in the next few years. Analysts at NPD Solarbuzz have predicted solar demand to increase through 2017, with an annual growth rate of 45%. The report by the market research group claims Mexico, Chile and Brazil are emerging as market leaders […]

US agency provides $360m for overseas renewables

A US agency has released $360 million (£230 million) to back two overseas funds that will provide the latest renewable technologies and help lay the foundations for emerging markets in the world. The Overseas Private Investment Corporation (OPIC), the US Government’s development financial institution, will provide a share of $125 million (£80 million) to Alternative […]

Mexico smart grid market could make $8.3bn by 2020

Mexico’s smart grid market could make $8.3billion by 2020, according to a new forecast. According to US-based consultancy Northeast Group, the smart metering market in Mexico represents the biggest opportunity in the Latin American region, with more than 21 million smart meters to be deployed by the end of the decade.