Latin America and Caribbean Energy Project and the Path to Net Zero: Regional Challenges and Opportunities

Climate Change (Audio)

For several Latin American & Caribbean (LAC) countries, notably Mexico, Ecuador, Brazil, Argentina and Guyana, the production of oil and gas is vital for their fiscal health. This dilemma has only been exacerbated by the economic challenges derived from the COVID-19 pandemic. At the same time, countries in the region face growing pressure to de-carbonize their economies. To support LAC countries on the path towards net-zero objectives, international financial institutions and multilateral development banks – including the Inter-American Development Bank – are now de-emphasizing funding for fossil fuel-related projects. The Institute of the Americas hosts Jessica Bedoya, Chief of Staff and Chief Strategy Officer for the Inter-American Development Bank to address these issues, including the challenge of balancing energy transition and job growth with the realities of securing badly needed external financing to support economic recoveries. Series: "Climate Crisis" [Public Affairs] [Science] [Show ID: 37481]