Prospects for energy transition in Latin America in the post-pandemic scenario

Abstract

In the context of post-pandemic recovery plans, several countries have glimpsed a window of opportunity to integrate robust strategies to combat climate change, aligning measures that support the transition to renewable energies. Latin America, a region endowed with significant clean energy potential, has experienced challenges exacerbated by the COVID-19 crisis, which has considerably impacted the implementation and optimization of these energies. This study sought to meticulously examine the process and challenges of energy transition in the post-pandemic scenario in Latin America, implementing a methodology that amalgamates qualitative and quantitative approaches. Through a theoretical and empirical exploration, it explored the prevailing energy dilemmas during the pandemic, identifying the main barriers and advantages intrinsic to the energy transition. Although investment in the region remains heavily weighted towards the non-renewable energy sector, Latin America has demonstrated tangible progress in energy transition. The analysis led to relevant recommendations for incorporating vital elements in government climate policies and identifying critical competencies for stakeholders, advocating for a more substantial commitment to energy sustainability in the region's future.