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.
Discover what EDGE certification is and how it is transforming sustainable construction in Mexico through greater energy efficiency, resource savings, and reduced environmental impact.
Discover how WELL-based office design improves employee health, well-being, and productivity while creating healthier and more effective workplaces.
WELL certification in offices in Mexico has become a key driver of real estate value by enhancing indoor air quality, thermal comfort, and overall occupant well-being. In major markets such as Mexico City and Nuevo León, WELL not only boosts productivity and employee health but also increases rental premiums, occupancy rates, and long-term asset appreciation for corporate properties.
CDMX
Monterey
