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Video: Transitioning to Clean Energy in Central America and the Caribbean

Wednesday, July 15, 2015

Speakers:

  • Edwin De los Santos, President, AES Dominicana
  • Christiaan Gischler, Senior Energy Specialist, Inter-American Development Bank
  • Robert Ichord, Deputy Assistant Secretary for Energy Transformation, U.S. Department of State
  • Ana María Majano, Associate Director, Latin American Center for Competitiveness and Sustainable Development, INCAE Business School
  • Christian Gómez, Jr., Director of Energy, Council of the Americas (moderator)

"In Central America, until now, the main driver of energy policy has been prices," said INCAE's Ana María Majano. However, according to Majano, governments are now paying closer attention to energy security and climate change. Though many countries have begun the process of diversifying their energy matrix and transitioning to renewables, Central America and the Caribbean is still largely dependent on oil. For the Caribbean, its a problem of economies of scale and a weak regulatory framework, said Christiaan Gischler of the Inter-American Development Bank. To facilitate investment in clean energy, AES Dominicana's Edwin De los Santos proposed there be more detailed information on renewables and market needs, as well as clarity around financial instruments, which are often a "blind spot" for investors.