By Felipe Corral Montoya, Chiara Lo Prete, Juan Rosellón and Paola Yanguas Parra
Latin America is endowed with large reserves of fossil fuels and critical minerals, abundant water resources, biodiversity hotspots and carbon sinks, and untapped renewable energy potential. Despite this richness in natural resources, many countries in the region continue to struggle with poverty, unemployment, inequality, and a long list of underperforming sustainable development indicators. The energy transition offers significant opportunities for economic and social transformations in Latin America, and evidence-based studies are needed to better understand potential socio-economic improvement strategies in this setting.
This EEEP symposium examines the implications of recent policy and market shifts due to the energy transition on social inclusion and economic prosperity in Latin America. The symposium brings together fiscal, institutional and political economy analyses on fossil fuel subsidy reform, as well as grounded perspectives on the regional implications of phasing out fossil fuels. It also presents overarching partial equilibrium analyses on the benefits of accelerating the energy transformation towards renewables, not only in the energy system, but in the economy as a whole.
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