Global Energy Monitor projects a notable increase in 460% in solar and wind energy capacity in Latin America by 2030, with an ambitious plan for 320 gigawatts in projects. This growth is supported by key initiatives, such as auctions in Brazil that could generate up to $14 billion for the expansion of energy transmission infrastructure. In addition, the region is positioned as a potential producer of green hydrogen, with approximately the 25% of all global projects. Chile, in particular, seeks to lead hydrogen production, aspiring to be the world's most economical producer by 2030 and one of the main exporters by 2040.
The region also stands out in climate financial innovation. Chile and Uruguay have issued bonds with low interest rates linked to meeting sustainable objectives. In an important milestone, Ecuador carried out the largest exchange of debt by nature in 2023, allocating the resulting funds to the protection of the Galapagos Islands. In addition, Brazil is expected to issue sustainable bonds for around $2 billion in 2024, consolidating the trend of climate finance in the region.
Despite these advances, the transition to renewable energy is not without challenges. Efforts to ban oil drilling in the Ecuadorian Amazon, while aligned with environmental objectives, could result in a substantial loss of revenue for the country, given its historical dependence on fossil fuels. In addition, leaders such as the Colombian president Gustavo Petro are committed to ending oil exploration, pointing to the need to overcome the resistance entrenched in fossil-based economies.
The region is faced with the task of moving from the extraction of raw materials to the manufacture of green technologies. This change involves significant challenges, both in investment and in expertise. Generating widespread prosperity as a result of this transition also presents itself as a challenge, since old economic dependencies may persist.
EDGE certification is one of the fastest and most effective ways to create efficient buildings, reduce energy, water, and material consumption, and increase property resale value. Developed by the International Finance Corporation (IFC), part of the World Bank Group, EDGE helps real estate projects lower their environmental impact, reduce operating costs, and support decarbonization efforts. With a streamlined and measurable process, EDGE has become a strategic certification for developers and investors seeking sustainability, profitability, and market differentiation.
Sustainable certifications in Mexico are gaining prominence as a key tool for companies and projects that seek to demonstrate their environmental, social and governance commitment. They are no longer limited to construction alone, but encompass complete processes, operations, products and business models.
Discover how environmental certifications, energy efficiency and sustainable buildings increase the resale value of a property and reduce its environmental impact.
CDMX
Monterey
