Publication Date: 24-04-2023
Last January, the Latin American Energy Organization (OLADE) published its most recent Energy Panorama of the region, including the latest energy matrices of its 27 member countries. There are two elements that stand out. First, Latin America and the Caribbean (LAC) is a marginal emitter of greenhouse gas emissions (GHGs), with 4.5% of GHGs (1.515 billion tons of CO2), and two countries represent more than half of those emissions: Mexico contributes 357 Mt or 23.6% and Brazil with 471 Mt or 31.1% of LAC´s GHGs. This points to the opportunity for the region to focus its efforts on reducing its environmental footprint in these two countries. Second, two sectors, transport (37%) and industry (29%), are the most energy intensive, using 2 out of every 3 units of energy, indicating that policies to reduce GHGs in these two sectors would be the largest opportunity to advance toward a net-zero path by 2050.
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