Latin America's Energy Efficiency Progress: More Needed for Sustainability
Latin America and the Caribbean have made strides in energy efficiency, but more can be done to achieve sustainability. While some countries like Argentina, Brazil, Chile, and Mexico have made advances, emissions reductions and climate change vulnerability require further progress.
Energy efficiency policies have been implemented in the region since the 1990s, with Brazil leading the way. However, economic growth and rising incomes have caused setbacks. Many countries focus on alternative energy sources rather than energy efficiency measures, despite the World Bank's advice that these are usually the most cost-effective.
Between 2000 and 2012, Brazil and Mexico headed energy consumption in the region, followed by Argentina. The World Bank's RISE 2016 scored Mexico at 79, while Brazil and Colombia received 51. Despite progress, energy intensity reduction has been insufficient.
UN Environment estimates that introducing standards for electric appliances could save 138 TWh of energy annually in the region, worth USD 20 billion. Argentina has made progress with lightbulb substitution and efficiency programs, reducing energy intensity.
While Latin America and the Caribbean have made progress in energy savings and efficiency, more action is needed to meet sustainability goals. Implementing energy efficiency standards and building on existing progress can help reduce emissions and mitigate climate change vulnerability.
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