The Inter-American Development Bank (IDB) and the Japan International Cooperation Agency (JICA) announced March 16 that they will provide as much as $600 million in financing for renewable energy and energy-efficiency projects in Central America and the Caribbean over the next five years. Is $600 million a meaningful sum in the context of efforts to address the carbon footprint of Central America and the Caribbean? What are the financing needs for renewable projects across the wider Latin America region? How has the private sector's role in financing the region's renewable energy projects changed in recent years, and where is it headed? What sectors within the renewable energy spectrum have the brightest prospects over the next five years?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
Inter-American Dialogue's Latin American Energy Advisor. "Is Funding for Renewable Energy in Latin America Adequate?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/5